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Issue/Redeem Indexes
In this section, we will demonstrate how to issue and redeem index tokens as an investor.

Issue

Investors can choose to issue/redeem tokens. Investors just need to provide the required collaterals to issue a desired index token in return. In the example below, investors need to provide the required WBTC and WETH composition.
Investors will need to click on the Approve button to give Cook Protocol the necessary permissions to get the tokens from the wallets.
Then the following screen will display showing that the underlying tokens are pending for approvals until the transactions is successfully completed on the blockchain.
Once the transactions are approved, the balance of each of the underlying tokens in your wallet will be displayed.
You can then input a corresponding amount of index tokens to be issued, the required amount of the underlying tokens will be displayed in the amount column. Then you can click on the Issue button.
Metamask wallet will ask for approval for the issuance transaction. Once you confirm the transaction fees, you can click on the Confirm button on Metamask:
Pending transaction dialog box will be displayed until the issuance transaction is successfully completed on the blockchain.
You can verify your wallet to ensure that the balances are displayed correctly.

Redeem

Investors can also redeem index tokens any time in return for the underlying tokens. As an investor, you can input the amount of index tokens that you desire to redeem, then the corresponding amounts of underlying tokens will be displayed in the amount column.
Once you click on the Redeem button,
Once you confirm the transactions on your wallet and the transactions are executed successfully on the blockchain, the underlying tokens will be returned to your wallet.
Last modified 7mo ago
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Contents
Issue
Redeem