Redeem
Last updated
Last updated
Redeeming will burn your PSOL and/or YSOL tokens in exchange for the underlying collateral:
PSOL: Redeemable 1:1 for SOL.
YSOL: Redeemable for the yield produced by PSOLs until maturity.
Redemptions can be made immediately after the maturity timestamp of the bond. YSOL yield is split pro rata by its token holders, meaning that if the yield backing YSOL is 100
SOL and you own 50% of the YSOL supply, at maturity you can redeem your YSOL tokens for 50
SOL.