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Burning OD ​

Burning OD means returning OD stablecoins to the reserve and receiving WBTC back.

How It Works ​

  1. You specify how much OD to return
  2. The app calculates how much WBTC you'll receive at the current TWAP price, minus the 1.5% fee
  3. You approve the transaction in OPWallet
  4. The reserve takes your OD and sends you WBTC

Step by Step ​

  1. Open the OD app and connect your wallet
  2. Select OD in the token selector
  3. Select Burn as the action
  4. Enter the OD amount you want to redeem
  5. Review the estimated WBTC output and fee breakdown
  6. Click Execute and approve in OPWallet
  7. Wait for the transaction to confirm

Example ​

If WBTC is trading at $100,000 and you burn 100 OD ($100):

Amount
OD returned100.00 ($100.00)
Fee (1.5%)$1.50
WBTC received~0.000985 WBTC ($98.50)

Burning Is Never Blocked ​

Unlike minting, burning OD is always available regardless of the reserve ratio. You can always redeem your OD for WBTC. This is a core safety guarantee of the Djed protocol.