Redeem

Under the circumstance when the reserved tokens are insufficient on a network, some of taders’ profits might be settled in muxTokens. There are 6 types of muxTokens: muxETH, muxBTC, muxBNB, muxAVAX, muxFTM and muxUSD.

After receiving muxTokens, related cards will appear on the “Redeem” page. Users can redeem muxTokens into related tokens on a different network that has sufficient reserves, or wait for the reserves on current network to refill and then redeem.

Step 1: Click the “Redeem muxToken” button to open the redemption dialog.

Except for muxUSD, all muxTokens only match with one type of token, like muxETH and ETH, muxBTC and BTC; muxUSD can be redeemed into users’ preferred stablecoin.

Step 2: Select the type of token you want to redeem your muxTokens into. This step only applies to muxUSD redemption.

Step 3: Select the network you want to redeem the muxTokens on.

Step 4: Click the “Redeem” button to show your wallet, then confirm the action. If you redeem a type of muxToken for the first time, you need to approve the action.