Auto Redeem
Last updated
Last updated
Auto-redeem allows you to receive a monthly USDC airdrop based on the gains realized from your tokens from the previous month. After opting into auto-redeem, a number of tokens equal to your gains will be removed from your wallet in exchange for their value in USDC on the 15th of each month.
A user holding 1,000 RWA Tokens, each valued at $1, opts into auto-redemption.
On the 15th day of the following month, the value of each RWA Token has grown to $1.01, a 1% increase. The user now has an unrealized gain of $10, since their tokens are worth a total of $1,010.
The administrator wallet will automatically withdraw tokens equal to those gains, rounded down to the nearest whole number.
In this case, the unrealized gain is $10 and the price of each token is $1.01, so the user will receive an airdrop of 9.09 USDC in exchange for 9 RWA Tokens. The remainder of unrealized gains will remain in the user's RWA Balance.
In order to be eligible for auto-redemption, a user must meet the following requirements:
Hold at least 1,000 RWA Tokens.
Hold the amount to be redeemed directly in your wallet. Tokens held in the NFT ecosystem cannot be redeemed but still count toward the 1,000 minimum.