Redemptions

Redeem your BUD for BOOK at face value, or claim any pending BOOK if your trove was redeemed against.

Loading data...

Redemption Info

Redemptions are the mechanism to maintain BUD peg, to keep it from dropping below $1.

Due to redemption fees and swap fees, redemptions are not profitable until BUD is below $0.975. Redeeming BUD for BOOK is enabled when BUD is below $0.99.