Redeeming

Redeeming is the process of returning dVOI tokens to the contract and receiving VOI in return.

Redeeming, like minting, does not influence the exchange rate of dVOI to VOI - only consensus rewards disbursements and vesting cancellations can do that.

As dVOI has a 1 week vesting period and the consensus rewards are distributed weekly on the Voi testnet, users should always be able to exchange their vested dVOI for more VOI than they originally put in to the system.

Users can only redeem tokens they hold in their wallet. Unclaimed vested dVOI must be claimed first, and then redeemed. This will usually happen automatically.