How to Redeem Legacy Products
Last updated
Last updated
This guide walks you through the process of redeeming ic21, a legacy token on the Index Coop platform. When ic21 was deprecated, it was fully rebalanced into WETH. By redeeming your ic21 tokens, you can receive the underlying WETH directly into your wallet.
Follow the steps outlined below to complete the redemption process.
Have a connected wallet that is holding ic21
Make sure you are connected to Ethereum mainnet
Have enough ETH to cover transaction fees
Visit the Index Coop App and navigate to the Legacy Products Interface, which can be found in the footer on any page of the app or directly at this link.
Choose the desired token and input the amount you want to redeem in the ‘You redeem’ field.
The interface will display the breakdown of assets you will receive after redemption.
Review the transaction summary at the bottom of the widget. For certain tokens, it may be beneficial to wait for periods of low market volatility to minimize gas fees.
Approve the transaction and then submit it to process the redemption.
You have successfully completed the redemption process for your token. Thank you for being a valued member of our community.
Get in touch with the Index Coop team via Discord.
