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Redemption

PreviousStaking on SonicNextSuper OETH

Last updated 2 months ago

As a permissionless protocol with no gatekeepers, OS supports redemption by anyone at any time. As of launch, there will be two ways to exit OS, with more potentially added in the future.

  1. Async withdrawal - OS offers the ability to withdraw the underlying S from the Sonic validators at any time through a withdrawal queue. Users can request and claim their S through the by choosing 'Redeem' under 'OS'. Holders of OS can be assured that 100% of the protocol's staked S can be accessed within a matter of hours or days in any market condition.

  2. DEX swap - The S/OS pool on SwapX features exit liquidity allowing anyone to swap OS for S at the current spot price. This rate fluctuates based on market demand but will likely be arbitraged back to near 1:1 anytime it falls due to a large sale.

Redemption is a critical feature for any LST and is paramount for OS to remain the optimal building block for DeFi protocols on Sonic. Allowing users to confidently hold OS knowing they can exit at virtually 1:1 for S anytime will always be OS's top priority.

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