Redeeming avUSD/avBTC
Purpose: Convert avUSD back to USDC, or avBTC back to BTC.b
Steps:
Go to the Portfolio Section: Navigate to the 'Portfolio' tab on the platform.
Select Redeem: Click the 'Redeem' Buttom, to the right of your token balance.
Input avUSD Amount: Enter the amount you wish to redeem. The interface will display the equivalent output you will receive.
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.
Additional Information:
Processing Time: Redemptions for avUSD and avBTC are typically completed within a few hours, though some may take up to 7 days depending on market conditions. Redemptions for avUSDx are fixed and complete after 7 days.
Flexibility: During this time, you may cancel or adjust your redemption order for avUSD/avBTC. However, avUSDx requests cannot be adjusted; if you need to make changes, you'll need to cancel and resubmit the request.
Transparency: A redemption fee may apply, and this will be clearly displayed in the interface before you proceed.
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