Redeem

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

At the current stage of protocol implementation:

• jrUSDe 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.

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