Redemption Queue
Redeem TRUNK for BUSD 1:1
The redemption queue is the managed redemption system where participants will wait if the system isn’t at peg. Participants can redeem their TRUNK for BUSD 1:1. Redemptions are queued and processed in chronological order.
Funds used to handle redemptions are accumulated and paid out over time from yield generated by the Elephant treasury. Up to 10,000 TRUNK can be queued up for redemption at a time. Participants should max this out since you cannot have more than one pending redemption at a time. There is no fee for redeeming TRUNK that is sent to the dividend pool and distributed as daily rewards. As the Elephant treasury grows, the expected inflows to the redemption pool will exceed the outflow allowing the process to be nearly frictionless.
Last modified 6mo ago