Redeem

How to redeem csUSDL using primary and secondary market strategies.

Primary Market Redemption:

Follow the steps below to understand how csUSDL can be redeemed effectively.

Redemption Overview:

• Full Redeemability Initially: Users can redeem csUSDL through Coinshift’s or Morpho’s UI with 100% assurance of full redemption, establishing trust and maintaining asset stability. Initial borrowing is limited to prioritize user safety and secure the redemption process. This controlled approach reinforces the reliability of csUSDL as a collateral asset.

• Future Plans: As csUSDL adoption and secondary market liquidity grows, Steakhouse plans to implement over-secured lending to broaden csUSDL’s utility while maintaining high liquidity and safety for users.

Secondary Market Liquidity:

csUSDL holders can leverage secondary markets for enhanced flexibility and exit liqudity.

Curve and Uniswap Integration:

• Easy Exit Strategies: Users can access secondary liquidity markets such as Curve and Uniswap to swap csUSDL for USDC seamlessly.

• Enhanced Opportunities: Secondary market support allows users to benefit from increased liquidity, facilitating efficient transactions and potential yield farming opportunities to optimize returns.