Redeem USDhy

Institutional Investors Only: The redemption of USDhy is currently available exclusively to institutional investors. If you represent an institution interested in redeeming USDhy, please contact our team for verification and onboarding.

Redeeming USDhy allows you to convert your stablecoin back to USDC at a 1:1 ratio. The redemption process is designed to be secure and efficient, with a 24-hour processing window to ensure system stability.

Steps to Redeem

  1. Connect Wallet: Ensure your wallet is connected and has sufficient USDhy balance
  2. Enter Amount: Specify how much USDhy you want to redeem
  3. Initiate Redemption: Submit your redemption request
  4. Wait for Processing: Your redemption will be processed within 24 hours
  5. Claim USDC: Once processed, claim your USDC from the smart contract

Try It Out

Experience the redemption process through this interactive mock:

Please note that this is a demonstration mockup to help visualize the redemption process. The actual implementation details, user interface, and functionality may differ in the production version.

Redeem USDhy

Convert your USDhy back to USDC.

USDhy
0.00USDC

What Happens Behind the Scenes

When you redeem USDhy, the following processes occur:

  1. Immediate USDhy Burn

    • Your USDhy tokens are immediately removed from circulation
    • This reduces the total supply of USDhy
    • Your redemption request is queued for processing

  2. Processing Period

    • The system processes redemptions within a 24-hour window
    • This allows for efficient capital management and position unwinding
    • You can track your redemption status in the dashboard

  3. USDC Release

    • Once processed, your USDC is released to the smart contract
    • You can claim your USDC at any time after processing
    • The redemption maintains a 1:1 ratio (minus any applicable fees)

Important Notes

  • Processing Time: All redemptions are processed within 24 hours
  • Minimum Amount: No minimum redemption amount
  • Fees: Standard network fees apply
  • Availability: Redemptions may be temporarily paused during extreme market conditions
  • Unstaking First: If you have staked USDhy, you'll need to unstake before redeeming

After Redemption

Once your redemption is processed:

  • Your USDC will be available to claim
  • Your USDhy balance will be reduced
  • You can track completed redemptions in your history
  • You can reuse the redeemed USDC to mint USDhy again

For more details about the technical implementation, check out our architecture documentation.