Auto Redeem

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.

Auto-redeem Example

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.

If user gains are not equal to the value of at least 1 RWA Token, the redemption will not take place.

User Requirements

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.

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