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. Navigate to the Portfolio Page: Go to the Portfolio section of the app.

2. Select Asset to Redeem: Find your avAssetX balance and click the Redeem button.

3. Enter Amount: Input the amount of the avAssetX you wish to redeem. The interface will show you the exact amount of avAsset you will get in return.

4. Approve the Token: You must grant the protocol permission to interact with the specific amount of the token you wish to deposit. Click Approve and confirm the transaction in your wallet.

5. Initiate Redemption: Click Redeem and confirm the transaction in your wallet. Your tokens will automatically reflect in your balance once the redemption process is completed.

6. Confirm the Redemption: Click the Redeem button and approve the transaction in your wallet pop-up.

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 7 days.

• No Yield Accrual: During the waiting period, the tokens being withdrawn do not accrue any yield.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