Redemption
The process of exchanging a token for its underlying asset, collateral, or reference value under issuer or protocol rules.Definition
The process of exchanging a token for its underlying asset, collateral, or reference value under issuer or protocol rules.Why it matters
Stablecoin concepts explain mechanisms designed to maintain relatively stable value and liquidity.Related knowledge
- Blockchain — term
- Cryptography — term
- Web3 — term
Canonical knowledge ID:
glossary:redemption