Redeeming Assets (before expiry)
This guide shows you how to interact with UMA protocol and redeem synthetic assets minted for the underlying collateral.
Click on 'Mint' on the navigation bar.
Select the synthetic asset that you want to burn and redeem the collateral, click on 'Manage'.
Select ‘Redeem assets’.
There are two options here, which is to redeem the synthetic assets partially or to fully redeem.
Key in the synthetic asset to redeem, and click on 'redeem assets'
Approve the transaction.
You can see the debt amount and collateral size has gone down after the synthetic asset was redeemed.