Redeeming Tokens/Interest
How to redeem PTs and redeemable YT interest
Last updated
How to redeem PTs and redeemable YT interest
Last updated
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:
Navigate to your page
Select "Matured" to view the recently matured markets
Find the market and PT balance you would like to redeem.
Assuming you have PTs to redeem, click "redeem".
Confirm the transaction and receive a 1:1 amount of tokens !
YTs generate interest continuously until maturity.
The interest that YTs generate can be redeemed at any time.
Redeeming "redeemable":
Navigate to your page
Identify whether the market has matured or not, and select the correct category.
Find the market and "redeemable" balance you would like to redeem.
Click "redeem".
Confirm the transaction and receive a 1:1 amount of "redeemable" balance in your underlying token.