BITCASH
  • ⭐Executive Summary
  • 😀Introduction
    • How Bitcash Works
    • Vision and Mission
    • Features
  • ⛏️Mining
    • The Stablecoin
    • Minting Process
    • Parameters
    • Redemption Process
  • 🍕Tokenomics
    • BTH token
    • Farm to Earn
  • ❓FAQs
    • FAQs
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  1. Mining

Redemption Process

Users looking to retrieve their collateral or convert their holdings back from DAIX can utilize the streamlined redemption process on the Bitcash platform. This process is crucial for maintaining balance and liquidity.

  • DAIX Redemption: Users initiate redemption by returning DAIX to the platform. This action unlocks the equivalent value of the staked collateral.

  • Reclaiming Collateral: Upon successful DAIX redemption, the equivalent amount of wORDI (or other supported collateral in the future) is released back to the user's wallet, effectively 'unwinding' the original staking transaction.

  • Balance and Liquidity: The redemption process is integral to maintaining the balance and liquidity of DAIX. It ensures users have the flexibility to manage their investments effectively.

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Last updated 16 days ago

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