Redeeming USTB
Before initiating a redemption, go to Settings and configure your Payout Destination. Proceeds from a redemption may be delivered as USDC on Ethereum, USDC on Solana, or U.S. Dollars. There is no minimum redemption amount, and you can redeem the full amount of your holdings at any time.
Redemption Instructions
View instructions by navigating to the Portfolio page and clicking the Redeem button next to USTB.
Toggle the Redeem dropdown to view instructions for redeeming USTB tokens, or USTB shares held in book-entry.
To redeem USTB tokens, transfer them to 0x43415eB6ff9DB7E26A15b704e7A3eDCe97d31C4e, or call the burn() function on the USTB token contract. Either method will initiate a redemption.
To redeem USTB shares held in book-entry, click the Redeem button on the portfolio page, select your Book-Entry shares, and enter the amount you wish to redeem.
USTB features Continuous Pricing, meaning that your redemption will be priced at the NAV/S at the time your shares are received.
Payout will be delivered according to your Payout Destination settings for your Investing Entity. You may elect to receive U.S. Dollars at a bank account, USDC to an Ethereum address, or USDC to a Solana address.
You will receive a confirmation email when a redemption has been initiated, and you can track its status in the Transactions table on the Portfolio page.
Gas fees to burn or transfer USTB are the responsibility of the investor.
Protocol Redemption Instructions
See https://docs.superstate.co/introduction-to-superstate/smart-contracts#redemptionidle-contract
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