Redeeming PRISMA for Vesting RSUP tokens
Last updated
Last updated
The Redeem PRISMA feature allows users to convert their Prisma-based tokens (PRISMA, cvxPRISMA, and yPRISMA) into a vesting allocation of RSUP tokens. This process allows Prisma token holders to convert to RSUP tokens. This can be found below the Stake RSUP section. In order to see this section you must have a wallet with Prisma, cvxPrisma, or yPrisma connected.
Token Conversion for RSUP tokens:
Users can convert PRISMA, cvxPRISMA, and yPRISMA into RSUP tokens.
Conversion occurs at a fixed 11.54:1 ratio.
Vesting duration: 5 years, meaning RSUP tokens will unlock gradually over this period of time.
Custom Recipient Option:
Users can toggle "Use custom recipient" to send redeemed RSUP tokens to another wallet address.
Redeem Prisma / cvxPRISMA / yPRISMA tokens
Users can input a custom amount or use the "Max" button for full redemption.
The process requires an "Approve" step before finalizing the redemption process.
Enter the desired amount of Prisma, cvxPRISMA or yPRISMA tokens.
Click "Approve" to allow token conversion.
Once approved, select "Redeem for Vesting RSUP" to initiate the vesting process.