How To Redeem USDL For PLS (Super Simple Guide)

So you bought some cheap USDL off the market. 

Or you’re seen the total collateral health of the Liquid Loans protocol and you want to improve it.

Either way, use this step-by-step guide to learn how to redeem USDL for PLS.

How To Redeem USDL for PLS

Step 1: Obtain USDL

In order to perform a redemption, you must first have USDL. 

You can buy USDL on PulseX or another decentralized exchange.

Step 2: Visit The Liquid Loans dApp

The link for the dApp is here.

Step 3: Connect Wallet

Once you’ve signed into your wallet, click “Connect Wallet” in the top right corner of the dApp.

Choose Metamask Wallet or Other.

Step 4: Redeem USDL for PLS

Click “Redemptions” from the sidebar on the left.

Enter the amount of USDL you would like to redeem.

Be mindful of the redemption fee (it ranges from 0.5-5%).

Click “Confirm”

Confirm the transaction inside your wallet.

Congratulations you have successfully redeemed PLS.