How to sell s0xAssets
Selling s0xAssets lets users convert their yield-bearing tokens (s0xUSD, s0xETH, s0xBTC) back to the original assets they deposited.
Using the dApp Interface
Users in permitted jurisdictions can redeem their s0xAssets directly via the ORBT interface.
The redeeming workflow is as follows:
Connect Wallet: The user connects their preferred Web3 wallet (e.g., MetaMask, Rabby, WalletConnect) to the ORBT app.
Select Deposited Asset: Choose the yield-bearing token they wish to sell - such as s0xUSD, s0xETH, or s0xBTC.
Click “Sell”: Initiate the redeeming action, which triggers a wallet prompt to sign the transaction.
Sign Transaction: The user confirms the transaction, which starts the redeeming process on-chain.
Cooldown Period Begins: Once the transaction is confirmed, the system enters a mandatory cooldown period before withdrawal becomes available for long-term deposited assets.
Withdraw Assets: After the cooldown expires, the user returns to the interface, clicks “Withdraw,” and signs a final transaction to claim their 0xAssets.
Upon successful withdrawal, the user’s s0xAssets are burned, and the corresponding 0xAssets - including any accumulated yield - are transferred back to their wallet or UPM account.
Important to Note
Cooldown Duration: Each savings pool defines its own cooldown period, typically 7 days, before 0xAssets can be withdrawn.
Reward Accrual: Rewards continue to accumulate until the sell transaction is confirmed on-chain.
Redemption Rate: The number of 0xAssets received upon withdrawal depends on the current value of s0xAssets at the time of redemption, not at the time of depositing.
Non-Decreasing Value: The redemption rate for s0xAssets never decreases, ensuring users only receive equal or greater value than their initial deposit.
Transparency: Users can monitor the cooldown status and redeem transactions directly via the ORBT dApp dashboard or the on-chain subgraph.
Last updated