What is USDV?
How Coloring Works
Yield & Peg Management
Monitoring & Reminting
Moving USDV Crosschain
Setting Default Color
Terms and Conditions
Redemption is defined as the destruction of USDV to redeem underlying tokenized RWA.
Impact on USDV circulation:
By destroying USDV, the underlying asset is unlocked from the Vault. USDV of any color can be used for redemption.
Redemption occurs in a single atomic transaction as follows:
A user deposits $K USDV of any color (e.g.,
) to redeem.
$K STBT is unlocked. A Redemption Fee is deducted from the unlocked STBT, and the remaining balance is sent to the receiver.
$K Vault Shares are removed from
Redemption is currently exclusive to the Ethereum network, and only STBT is available for redemption.
Redemption fee is applicable. See
for more details.