Redeem

This guide explains how to redeem your principal and yield at the end of lockup, and confirm receipt of SOL in your wallet.

Important

  • Redemption is only possible once the lockup has reached maturity. Attempting to redeem early will result in 0 SOL received.

  • Ensure your wallet is connected with the same account that made the original deposit or purchase if acquired via Pye's trading platform.

  • Validator performance during the lockup (skip rate, uptime) may affect the final yield amount.

STEP 1: Navigate to Lockup Page

Navigate to the lockup page:

  1. Open app.pye.fi.

  2. Select the lockup where you previously deposited. For example: https://app.pye.fi/lockups/DrNcCoTrPTf7VxVDfxfQpQRw5jdjaYFw88vqkLJqL7oJ

  1. You will see the Lockup Detail Page, which includes:

  • Maturity date (must have passed to redeem)

  • Validator performance metrics

  • Lockup ROI chart

STEP 2: Switch to Redeem Tab

  • On the right-hand panel, click Redeem.

  • You will see two sliders:

    • Principal: Your original deposit, redeemable 1:1 in SOL.

    • Yield: The staking rewards earned during the lockup.

STEP 3: Select Positions to Redeem

  • Adjust the sliders to choose how much of each position you want to redeem.

    • Slide to 100% if you want to redeem your entire position.

    • Partial redemption is also supported (e.g., redeem yield while holding principal).

  • The Summary box will update to show:

    • pSOL Size and ySOL Size being redeemed.

    • Maturity Date (confirmation that the lockup has ended).

    • You will receive: The amount of SOL that will be credited to your wallet.

STEP 4: Confirm and Execute Redemption

  1. Click Redeem.

  2. Your wallet will prompt you to approve the redemption transaction.

    • Review gas fees and confirm.

  3. Once confirmed, the Solana network will process the transaction.

STEP 5: Verify Receipt

  • After redemption, SOL will be credited to your wallet balance.

  • The Your Position panel will update to reflect the remaining balance (if any).

    • Example: If you redeemed 100% of both pSOL and ySOL, your position will display 0.

    • If you redeemed partially, your unclaimed tokens will still appear.

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