Redemption

The user sends back sUSD to the Solayer sUSD Program to initiate the withdrawal process. This action signals the start of the withdrawal procedure.

The Solayer sUSD Program calculates the corresponding amount of wrapped T-Bill that needs to be redeemed based on the user’s withdrawal request. The wrapped T-Bill is then forwarded to the Decentralized T-Bill RFQ Protocol.

The Qualified Liquidity Provider receives the wrapped T-Bill and fulfills the withdrawal order. This involves transferring out the wrapped T-Bill and sending the equivalent amount of USDC back to the protocol.

After the liquidity provider fulfills the withdrawal order, the decentralized protocol returns the corresponding amount of USDC to the user, completing the withdrawal process.