Repay
Last updated
Last updated
Redemption refers to the process where users repay their $sUSD debt and retrieve their collateral. For example, consider a user who has borrowed 600 $sUSD against the collateral of 30 $ORDI tokens under the BRC-20 asset class. When the user decides to repay this loan, they only need to pay back 600 $sUSD to the protocol. Subsequently, both the protocol and the user will co-sign to unlock the vault, thereby retrieving all the pledged assets. Simultaneously, the protocol triggers the price oracle to terminate the corresponding Discrete Log Contract (DLC) process.