Boosties
Using the dYFI Redeemer
Boosties
Using the dYFI Redeemer
How-to guides for using the dYFI Redeemer
Using the dYFI Redeemer
Approving
Users only need to approve the dYFI Redeemer contract once to participate in dYFI→YFI redemptions. Once the dYFI Redeemer contract is approved users will asynchronously start redeeming YFI for dYFI every time the Redeemer contract is called.
1
Navigate to the YFI tab on Cove.
2
Select Convert YFI to find the dYFI Auto Converter.
3
Toggle the ⚙️ to approve dYFI for conversions. Submit one transaction to approve the dYFI Auto Converter to redeem your dYFI→YFI.
Redemption is permissionless so any user can redeem if they wish to and are periodically processed by keeper bots.
Revoking
Users can revoke the dYFI Redeemer contract to stop participating in dYFI→YFI redemptions at any time.
1
Navigate to the YFI tab on Cove.
2
Select Convert YFI to find the dYFI Auto Converter.
3
Toggle the ⚙️ to revoke dYFI permissions. Submit a transaction to revoke the dYFI Auto Converter privileges.