> For the complete documentation index, see [llms.txt](https://docs.ichi.org/legacy/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ichi.org/legacy/developers/dma/redemption.md).

# Redemption

Redeem oneTokens for exactly $1

Each oneToken (ie, oneBTC) can be redeemed for exactly 1 USDC (or other USD hard pegged stablecoin in the [Collateral Reserve](/legacy/developers/dma/collateral-reserve.md)), less a redemption fee. A oneToken redemption can only come from the Collateral Reserve. The cryptocurrency paid to mint isn't repaid to any token holder by the system. Instead, it remains in a [Community Treasury](/legacy/developers/dma/community-treasury.md) and each oneToken is a vote in deciding how to manage the community treasury.

## Follow these steps to redeem ICHI stablecoins

1.Go to[ https://ichi.farm/#/mint](https://app.ichi.org/mint?tab=redeem) to see the Minter in Figure 1.

![](https://261418477-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MaZhSQgVf5SR16Ehb03%2F-MeWgvb2cypwLgJdRlF9%2F-MeWk3EdLmdufjHmexqR%2FScreen%20Shot%202021-07-13%20at%202.21.50%20PM.png?alt=media\&token=4ee68774-db36-4e47-9304-98192b686cf0)

2\. Connect your Ethereum Wallet.  If you are new to Ethereum, go here to learn about Ethereum wallets: <https://ethereum.org/en/wallets/>

3\. Click Redeem

![](https://261418477-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MaZhSQgVf5SR16Ehb03%2F-MeWgvb2cypwLgJdRlF9%2F-MeWk5P6bJmcjhimmqSk%2FScreen%20Shot%202021-07-13%20at%202.21.57%20PM.png?alt=media\&token=d708c035-9718-4bc0-b4a5-f4ed805dddf4)

4\. Choose a stablecoin to redeem

![](https://261418477-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MaZhSQgVf5SR16Ehb03%2F-MeWgvb2cypwLgJdRlF9%2F-MeWk7s3L-rjQpQu9xAf%2FScreen%20Shot%202021-07-13%20at%202.22.14%20PM.png?alt=media\&token=60210c58-6e7d-4f51-bf23-2cd3a90b270d)

5\. Enter an amount to redeem

![](https://261418477-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MaZhSQgVf5SR16Ehb03%2F-MeWgvb2cypwLgJdRlF9%2F-MeWkAWPaCG5hsh7YXjV%2FScreen%20Shot%202021-07-13%20at%202.22.36%20PM.png?alt=media\&token=0bac97ad-4cff-47d4-b14e-7fa23e8c3194)

6\. Click Redeem to Redeem to USDC

7\. Sign the transaction in your Ethereum wallet