Redeem a receipt

After the T+2 unlock, a receipt exchanges its recorded debt for the principal plus everything it earned. One action, one settlement.

Steps

1. Open app.loomfi.io/receipts. Each card shows its live redeemable value and a countdown until unlock.
2. When the badge reads Redeemable, press Redeem.
3. You need the receipt's exact debtAmount of lUSD in your wallet. If your allowance to the redeemer is short, the app chains an exact-amount approval into the same flow — press once, sign twice.
4. Settlement: your lUSD debt is burned, and the deposited asset lands in your wallet — principal plus yield, minus the 5%-of-yield fee. The number on the card is already net: what you saw is what you got.

Notes

• Short on lUSD? You minted at 80% but spent some of it? Buy the difference on the trade page — or skip redemption entirely and sell the receipt instead; the buyer takes the debt over.
• 0% receipts redeem with zero lUSD — pure yield deposits have no debt leg.
• Redeemed receipts remain in your wallet as inert, marked records. They cannot be listed, bid on, or redeemed again — the market rejects spent claims at every entry.
• Batch operations: select multiple receipts on the receipts page to transfer or list them in one flow; wallets that support atomic batching (EIP-5792) sign once for the lot.