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RedemptionVault

Burns zTOKEN and returns stablecoins. Supports instant redemption (from the liquidity buffer), request-based (admin-approved), and fiat off-ramp paths.

Function
Access
Description

redeemInstant(token, amount, minReceive)

Greenlisted

Atomic redemption from the vault's liquidity buffer. Burns zTOKEN and returns stablecoins immediately.

redeemRequest(token, amount)

Greenlisted

Create a pending redemption request. zTOKEN locked. Returns a requestId.

redeemFiatRequest(amount)

Always greenlisted

Create a fiat redemption request. Off-chain settlement. Subject to fiatAdditionalFee and fiatFlatFee.

approveRequest(id, rate)

REDEMPTION_VAULT_ADMIN

Approve a pending request. Burns zTOKEN and transfers stablecoins from requestRedeemer to the user.

safeApproveRequest(id, rate)

REDEMPTION_VAULT_ADMIN

Same, with a tolerance check on the rate. Preferred.

rejectRequest(id)

REDEMPTION_VAULT_ADMIN

Cancel the request. Returns the locked zTOKEN to the user.

setRequestRedeemer(addr)

REDEMPTION_VAULT_ADMIN

Set the source address for stablecoins used in request approvals.

setFiatAdditionalFee(fee)

REDEMPTION_VAULT_ADMIN

Update the percentage fee applied to fiat redemptions.

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