Redeeming price-stable credit

If you have a stable credit issued by Velo and you either have no more use for it or simply want your VELO token collateral back, what can you do?

Redeem the stable credit with us to get VELO.

The number of VELO you get back may not be equivalent to the number you used at the initial minting process. Fear not; this is the result of changing exchange rates between VELO and pegged currency. Rest assured, the value of VELO you get back will be equivalent to the value you initially pledged measured in the stable credit's pegged currency.

The stable credit will be taken out of the source account you used to sign the redeem operation. There is no confirmation step so please make sure you input the correct amount of stable credit.