Redeem csUSDL

How to redeem csUSDL using primary and secondary market strategies.

Primary Market Redemption:

Follow the steps below to understand how csUSDL can be redeemed effectively.

Redemption Overview:

• Full Redeemability Initially: Users can redeem csUSDL through Coinshift’s or Morpho’s UI with 100% assurance of full redemption, establishing trust and maintaining asset stability. Initial borrowing is limited to prioritize user safety and secure the redemption process.

• Future Plans: As csUSDL adoption and secondary market liquidity grows, Steakhouse plans to implement over-secured lending to broaden csUSDL’s utility while maintaining high liquidity and safety for users.

Secondary Market Liquidity:

csUSDL holders can leverage secondary markets for enhanced flexibility and exit liquidity.

• Easy Exit Strategies: Users can access secondary liquidity market through Balancer B-csUSDC-csUSDL Pool to swap csUSDL for USDC seamlessly.

• Enhanced Opportunities: Secondary market support allows users to benefit from increased liquidity, facilitating efficient transactions and potential yield farming opportunities to optimize returns.