Unwrap

Unwrapping allows you to return CLAIM + NOCLAIM + FUTURE tokens. By doing this you can get your collateral back without waiting for the expiration redemption/selling.

Example:

  • You minted 100 CLAIM, 100 NOCLAIM and 100 FUTURE tokens for Badger coverage using 100 DAI.

    • You must return those 100 CLAIM, 100 NOCLAIM, and 100 FUTURE

      tokens to get your 100 DAI back.

      • If you have 100 CLAIM, 99 NOCLAIM, and 100 FUTURE tokens you will only get 99 DAI back on the unwrap

      • If you have 99 CLAIM, 100 NOCLAIM, and 100 FUTURE tokens you will only get 99 DAI back on the unwrap

STEP 1: Go to the "Cover Pools" tab. Click the protocol you want to unwrap your covTokens for.

STEP 2: Click the "Mint/Unwrap" button.

STEP 3: Select Unwrap

STEP 3: Choose the expiry, collateral type and amount of covTokens you want to return for your collateral. Click the "Unwrap" button.

Example 100 covTokens = 100 DAI returned

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