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Swivel v4.0.0
Swivel v4.0.0
  • Litepaper
    • Principal Tokens (PTs)
      • Exiting/Selling PTs
      • Secondary AMM's
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      • Exiting/Selling YTs
    • AMM vs. Orderbook
  • Swivel Safety Module (SSM)
    • Staking
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  • Swivel Exchange
    • Exchange Functions
      • Simple Fixed Yield Lending
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      • Purchasing YTs
      • Selling PTs
      • Selling YTs
      • Splitting/Combining Tokens
      • Redeeming Tokens/Interest
    • Maturity
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    • Retroactive Distribution
    • How to Claim SWIV Tokens
  • Developers
    • Exchange API
      • GET
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      • POST
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    • Institutions
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        • Overview
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        • Flexible Order Book
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      • Delegated Credit
        • Challenges of Delegated Credit
          • Credit Pools
          • Intermediating Trust in Credit Delegation
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  • Redeeming PTs
  • Redeeming YT Interest
  1. Swivel Exchange
  2. Exchange Functions

Redeeming Tokens/Interest

How to redeem PTs and redeemable YT interest

PreviousSplitting/Combining TokensNextMaturity

Last updated 1 year ago

Redeeming PTs

v can only be redeemed once a market has matured.

Once a market has matured, users can redeem their PTs 1:1 for their underlying deposit (e.g. 1 ptUSDC = 1 USDC).

Redeeming PTs:

  1. Navigate to your page

  2. Select "Matured" to view the recently matured markets

  3. Find the market and PT balance you would like to redeem.

  4. Assuming you have PTs to redeem, click "redeem".

  5. Confirm the transaction and receive a 1:1 amount of tokens !

Redeeming YT Interest

YTs generate interest continuously until maturity.

The interest that YTs generate can be redeemed at any time.

Redeeming "redeemable":

  1. Navigate to your page

  2. Identify whether the market has matured or not, and select the correct category.

  3. Find the market and "redeemable" balance you would like to redeem.

  4. Click "redeem".

  5. Confirm the transaction and receive a 1:1 amount of "redeemable" balance in your underlying token.

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