Redeeming avAssetX

This process is for converting a boosted avAssetX token (e.g., avUSDx) back into its corresponding base avAsset (e.g., avUSD).

Step-by-Step Guide

1. Open Portfolio or Products: Go to the Portfolio or Products section of the app.

2. Click Get and Select Action: Click Get next to your avAssetX balance, then select Redeem.

3. Enter Amount: Input the amount of avAssetX you want to redeem.

4. Approve the Token: Grant permission for the selected avAssetX amount and confirm in your wallet.

5. Submit Redemption Request: Click Redeem and confirm the transaction in your wallet.

6. Complete at Maturity: After the cooldown finishes, complete the redemption from Active Redemptions.

Redeeming avUSDx

Viewing Redemptions

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

Active redemptions for avUSDx

Additional Information

• Fixed Waiting Period: Redemptions for boosted tokens (e.g., avUSDx) are fixed and complete after a 1-week cooldown.

• No Yield Accrual: During the waiting period, the tokens being withdrawn do not accrue any yield.

• Final Redemption Price: The final redemption price for avAssetX tokens will be calculated using the lower of (i) the price at the request time and (ii) the price at the end of the cooldown period. This means yield will no longer accrue, and users will be exposed to any price downside while the request is pending.

• No Adjustments: avAssetX redemption requests cannot be adjusted. If you need to make changes, you must first cancel the pending request and then submit a new one.

• Multiple Redemption Requests: You can submit multiple redemption requests simultaneously. Each request will have its own separate waiting period.

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