Redeem

When stJLP is redeemed, the user receives USDe based on the stJLP/USDe exchange rate, minus any applicable redemption fees.

At the current stage of protocol implementation:

  • stJLP can be redeemed for USDe through the Strata UI.

  • Redemption fees are currently waived.

  • Redemptions are processed within 7 days, aligning with Ethena's sUSDe unbonding period.

  • stJLP can also be traded for other assets on DEXs.

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