Redeeming

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How do I redeem my OUSG tokens?

You can redeem your tokens by using the UI on the OUSG page of our website or by contacting us directly at support@ondo.finance

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How quickly will I get my money once I redeem?

If you do an instant redemption, the redemption takes place as an atomic transaction so you will receive your USDC at the same time as you send in your OUSG for redemption. Limitations may apply, see here for more detail For non-instant redemptions, provided that you sent us your tokens for redemption prior to 4pm ET, you will typically receive your funds the next Business Day. If you sent your tokens after that, your redemption request will most likely be processed the following Business Day (meaning your funds will typically be provided the day after that). For example, if on Monday you requested a non-instant redemption at 11:00am ET, you will typically receive your funds by end of day on Tuesday. If you submitted your tokens for redemption at 4:30pm ET, however, your request would be considered as having been made on Tuesday, which means you would typically receive your funds by the end of the day on Wednesday.

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Let’s say I transfer my OUSG tokens to another party. Who gets the yield for that day, me or them?

The general rule to keep in mind is this: whoever holds the tokens at the time of the price update gets the yield.

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What is the minimum amount of OUSG I can redeem?

The minimum for instant redemptions is $5K; the minimum for non-instant redemption is $50K. While at the beginning it’s fine if you wish to non-instant redeem a small ‘test’ amount of OUSG to get comfortable with the process; contact us at support@ondo.finance

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If I request a redemption on a given day, do I earn yield for that day?

No. Provided you submitted a redemption request before the price update, you will not receive the yield for that day. Note that, for technical reasons, Friday’s price update includes the estimated yield paid out on the underlying assets for Friday and Saturday, while Monday’s update reflects the yield for Sunday and Monday. Price updates on the day immediately proceeding a holiday include the estimated yield to be paid out on that holiday.