Redeeming avAssets

Redeeming is the step to convert your base avAssets (e.g. avUSD) back into their underlying base assets (e.g. USDC).

Prerequisite: Have an avAsset Balance

To redeem, you need a balance of the avAsset you want to exit. If your funds are currently in an savAsset or avAssetX, complete Unstaking or Redeeming first.

Step-by-Step Guide

1. Open Your Product Page: In the Products section, open the page for the product you want to use.

2. Choose Redeem or Sell: Select Mint or Redeem, then choose the Redeem tab to request a protocol redemption. To sell through available in-app liquidity instead, select Swap and choose the product token as the input.

3. Enter the Amount: Enter the amount of the avAsset you want to redeem or sell.

4. Review Output and Route: Check expected output and fees. Click route details to view included stages.

5. Approve and Confirm: Approve the selected token amount, then confirm Redeem or Sell depending on the flow you selected.

6. Complete at Maturity (Redeem Path): If you selected Redeem, complete the request from Active Redemptions once it becomes redeemable.

Redeeming avUSD

Viewing Redemptions

After you have initiated a Redeem request for a token with a redemption period, you can monitor its progress in the Active Redemptions section on your Portfolio page.

Active redemptions for avUSD

Additional Information

• Waiting Period (Redeem Path): Redemptions can take up to 7 days depending on market liquidity and other conditions. You can monitor the status of your request in your Portfolio.

• Order Flexibility (Redeem Path): You can cancel or adjust your avAsset redemption request at any time before it is finalized. To adjust a pending redemption, submit a new request with the desired amount. This will automatically update and replace your existing order.

• Transparency: A redemption fee may apply for Redeem requests, and this will be clearly displayed in the interface before you proceed.