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Redemption In DAO

Redemption In DAO

Understand Redeemable Period & Redemption Fee

The Collective DAO has two redeemable periods:

  • If the DAO does not have an investment proposal in progress, DAO members can make a redemption action at any time.
  • If the DAO has a current investment proposal in progress, DAO members may only make redemption actions during the Grace Period of the investment proposal. See Run a Collective DAO / Invest in A Project to learn how investments works in Collective DAOs.

Redemption Fee applies to both investment and non-investment redemption scenarios. If this parameter is set to 0, there is no additional cost for redemption. If the DAO sets a Redemption Fee, then each Member’s redemption must pay a certain percentage of the redemption amount for the redemption fee. The Redemption amount received in each redemption = the amount requested - the redemption fee.

See Redemption and Fee & Carry for more details. The following is a guide to the redemption action.

How To Redeem

When a Collective DAO is in a redeemable period, as a Member of the DAO, you can redeem the deposit on the DAO's homepage.

All you need is:

  1. Find the Deposit & Withdraw module on the homepage.
  2. Click Withdraw.
  3. Then enter the amount you wish to redeem in the pop-up box.
  4. Confirm that the amount is correct and click Withdraw again. After the wallet transaction is confirmed, the redemption is successful.

The amount received after redemption is equal to the amount applied for redemption minus the redemption fee. You can refer to Redemption for more details.

Member Quit - A Special Redemption

Quit through Member Quit Card is a special redemption that may be subject to a Redemption Fee under the DAO's setting. For details, please see Redemption and Fee & Carry.

If you decide to give up the Member role in a Collective DAO, just find the Quit Card on the Management page, click on it, and a prompt will appear, click Quit again, and you will complete the quit process.