How to Redeem DynaSet LP Tokens
Steps to redeem DynaSet LP tokens on SingularityDAO.
‘Redeem’ is the process of burning DynaSet LP tokens to claim your share of the underlying tokens held in the DynaSet.
- 1.Connect your wallet. Make sure you are connected to the correct wallet and on the proper network.
- 2.Click on ‘Redeem’.
From here, you have two possible scenarios to redeem your tokens:
If you didn't withdraw your DynaSet LP tokens, you can redeem them directly from the forge.
- 1.Select the ‘From Forge’ tab in the Redeem popup.
- 2.Select the forge to which you deposited tokens.
- 3.Select the token you want to receive in your wallet after redemption.
- 4.Click on ‘Approve’ and confirm the transaction in your wallet. This transaction will require some gas fee as it happens on-chain. Make sure you have enough ETH in your wallet to do so.
- 5.Input the amount of DynaSet LP tokens you want to redeem.
- 6.Click on ‘Redeem from the forge’. This transaction will require some gas fee as it happens on-chain. Make sure you have enough ETH in your wallet to do so.
If you withdrew your DynaSet LP tokens from the forge, you can redeem them directly from your wallet.
- 1.Select the ‘From Wallet’ tab in the Redeem popup.
- 2.Select the token you want to receive in your wallet after redemption.
- 3.Input the amount of DynaSet LP tokens you want to redeem.
- 4.Click on ‘Approve’ and confirm the transaction in your wallet. This transaction will require some gas fee as it happens on-chain. Make sure you have enough ETH in your wallet to do so.
- 5.Click on ‘Redeem from my wallet’. This transaction will require some gas fee as it happens on-chain. Make sure you have enough ETH in your wallet to do so.
Upon completion of the redemption transaction, you will find your selected tokens in your wallet.
Last modified 7mo ago