LogoLogo
AddressesAuditsGitHub
  • 📥Introduction
  • 🌀Products
    • Introduction
    • Best Yield
      • Overview
      • Guides
        • Deposit funds on BY
        • Redeem funds on BY
      • FAQs
    • Yield Tranches
      • Overview
      • Adaptive Yield Split
      • Security
        • Covered risks
      • Guides
        • Deposit funds on YTs
        • Redeem funds on YTs
        • Live YTs guides
          • Lido stETH
      • FAQs
    • Fee structure
    • Get involved
      • Integrators program
      • Institutions program
  • 💻Developers
    • Introduction
    • Networks and codebase
      • Ethereum mainnet
      • Polygon
      • Kovan testnet
      • ERC-4626 standard
    • Best Yield
      • Architecture
      • Deployed contracts
        • Ethereum
        • Optimism
      • Interface
      • Methods
        • mintIdleToken
        • redeemIdleToken
        • redeemInterestBearingTokens
        • rebalance
        • tokenPrice
        • tokenPriceWithFee
        • getAPRs
        • getAvgApr
        • userAvgPrices
        • getGovTokensAmounts
        • getAllocations
        • getGovTokens
        • getAllAvailableTokens
        • getProtocolTokenToGov
      • Edge cases
      • Security management policy
      • Get integrated as yield source
      • Get user earnings
    • Yield Tranches
      • Architecture
      • Deployed contracts
        • Ethereum
        • Polygon zkEVM
        • Optimism
      • Interface
      • Methods
        • AAStaking
        • BBStaking
        • AATranche
        • BBTranche
        • depositAA
        • depositAARef
        • depositBB
        • depositBBRef
        • fee
        • getApr
        • getContractValue
        • getCurrentAARatio
        • getIncentiveTokens
        • lastNAVAA
        • lastNAVBB
        • strategy
        • strategyToken
        • token
        • trancheAPRSplitRatio
        • tranchePrice
        • virtualPrice
        • withdrawAA
        • withdrawBB
      • Integration example
      • Edge cases
      • Security management policy
      • Subgraph
    • API
    • Security
      • Hats Finance vault
      • Hypernative monitoring
      • Immunefi bug bounty
      • Integration Standard Requirements
      • Risk Framework
      • Smart contract audits
  • 🏛️Governance
    • Introduction
    • Idle DAO
      • Governance process
        • Governance forum
        • Governance dashboard
        • Snapshot IDLE
        • Snapshot stkIDLE
      • Idle Leagues
        • Communication League
        • Development League
        • Treasury League
        • Leagues contributors
      • Treasury
        • Reports
      • Governance guides
        • How to monitor off-chain voting pools
        • How to propose an IIP
        • How to create an on-chain proposal
        • How to delegate votes
        • How to vote for an IIP
      • FAQs
    • IDLE token
      • Distribution
      • Use cases
        • Lending, borrowing & collateral
        • DEXs liquidity provision
      • Buybacks
      • Delegates
      • CoinGecko
    • IDLE staking
      • Prime staking
        • Examples
      • Staking integration
      • Guides
        • How to stake your IDLE
        • How to vote in Gauges
        • How to boost your $IDLE rewards
        • How to give VEV
  • 🗂️Other
    • Brand assets
    • Guides
      • How to see IDLE in your wallet
      • Deposit funds through Idle
      • Deposit funds through smart contracts
      • Redeem funds through Idle
      • Redeem funds through smart contracts
    • FAQs
    • Glossary
    • Resources
    • Archive
      • 👇Get in touch
        • 🏛️Governance Forum
        • 🏆Idle Grants Program
        • 👾Discord
        • 🐦Twitter
      • Gauges
        • Architecture
        • Deployed contracts
        • Gauges repository
        • stkIDLE repository
      • Gauges
        • Gauges integration
        • FAQs
      • Boost
      • DEXs liquidity provison
      • Risk Adjusted (deprecated)
      • Deployed contracts
      • Idle Smart Treasury (deprecated)
      • Ethereum LP staking (deprecated)
      • Polygon LP staking (deprecated)
      • Flash Loans (deprecated)
      • QuickSwap cxETH-WETH
      • Integrate PYTs
      • Idle Grants program
      • Idle on Polygon
        • Add Polygon network to MetaMask
        • Bridge $IDLE to Polygon
        • Deposit funds on Polygon
        • Add liquidity to $IDLE pools
        • Stake IDLE LP tokens on Polygon
Powered by GitBook

Ecosystem

  • Website
  • App
  • Governance
  • Brand assets

Developers

  • Feedback
  • GitHub
  • Bug bounty
  • Audits

Community

  • Blog
  • Twitter
  • Telegram
  • Discord

Analytics

  • Stats
  • Dune
  • DeFiLlama
  • CoinGecko
On this page
  • Function
  • Parameters
  • Return values

Was this helpful?

  1. Developers
  2. Best Yield
  3. Methods

redeemIdleToken

Developers > Best Yield > redeemIdleToken

With this method, users can redeem their underlying balance by burning Idle LP tokens. We calculate the pool share one can withdraw given the amount of Idle LP tokens they want to burn and redeem the corresponding underlying amount from each lending protocol currently used (if the unlent pool is not sufficient). We then send the underlying to the msg.sender .

With this call also governance tokens accrued by a user will be redeemed and sent to the user. This method can be called with _amount equal to 0 to redeem governance tokens only and maintain the position in Idle.

Function

function redeemIdleToken(
    uint256 _amount
) external returns (uint256 redeemedTokens);

Parameters

Parameter
Description

_amount

The amount of Idle LP tokens to be burned

Return values

Value
Description

redeemedTokens

The amount of underlying tokens redeemed

Last updated 1 year ago

Was this helpful?

💻