Redeeming

Users can redeem their dualSTAKE tokens at any time. Redeeming breaks dualSTAKE up into their component ALGO+ASA parts and returns them to the user.

Using oraALGO as an example:

Users can redeem their oraALGO tokens via the smart contract and receive the backing ALGO (at 1:1) and ORA (at current rate).

Assuming staking rewards have accumulated between minting and redeeming, the ORA amount withdrawn during redemption will be larger than the deposited amount during mint.

E.g. Alice minted 100 oraALGO by depositing 100 ALGO and 1 ORA. Some time later, oraALGO has appreciated against ORA, so she redeems her 100 oraALGO tokens for 100 ALGO, plus 3.14 ORA.

Not sure what this is all about? Start over from the overview page.

Minting and redeeming do not incur platform fees, so users should always receive at least as much ALGO and ORA as they deposited.

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