BitU Protocol
  • Overview
    • 👾What is BitU Protocol?
      • 🐛Problem
      • ✨Solution
    • 💧BitU Liquidity
    • 🥩BitU Staking
      • 📊ALMM
    • 🔀BitU Omni Trading Hub
    • ⏳The Future of BitU Protocol
    • 📒Glossary
  • Project-Design
    • 🏹Architecture
    • ⛏️Liquidity
      • ⏳Liquidation
    • 🥩Staking
    • 📈Omni Trading Hub
      • Fees
      • Funding Rate
      • Prices
      • Orderbook
      • Order Typers
      • Margin
      • Margin Health
    • ❓FAQ
    • ⚠️Risks
      • Collateral Risk
      • Liquidation Risk
      • Counterparty Risk
      • Exchange Failure Risk
      • Custodial Risk
    • 🌱Key Addresses
    • 🛡️Audits
    • 🏦Reserves
  • User Guides
    • How to mint $BITU
    • How to redeem $BITU
    • How to stake $BITU
    • How to unstake $sBITU
    • FAQs
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  1. User Guides

How to redeem $BITU

Redeem your assets by burning $BITU, then withdraw them after the cooldown period.

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Last updated 10 months ago

Users can redeem $BITU through our UI or via our API. Using the UI, the user workflow to redeem $BITU is as follows:

  • Step 1: Log into the dApp page using your wallet.

  • Step 2: Select the collateral position you have (e.g., BTCB) and enter the amount of $BITU you want to burn.

  • Step 3: Adjust the collateral ratio of the remaining assets and view the amount of the collateral assets you want to receive.

  • Step 4: Click the "Redeem" button. This action will prompt your selected wallet to pop up. Confirm the transaction, and it will be submitted to the blockchain.

After the transaction is successful, users will have redeemed their collateral. However, collateral assets can only be withdrawn after the cooldown period has ended.

Redeem Your Asset by Burning BITU - Choose Your Position
Redeem Your Asset by Burning BITU - How Much Do You Want to Redeem?
Redeem Transaction
Check Your Position Update
Redeem Your Asset by Burning BITU - Choose Your Position
Redeem Your Asset by Burning BITU - How Much Do You Want to Redeem?
Redeem Transaction
Check Your Position Update