> For the complete documentation index, see [llms.txt](https://docs.openeden.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.openeden.com/prism/prism-token/redemption-workflow.md).

# Redemption Workflow

PRISM can be redeemed by KYC and onboarded primary users.

To initiate a redemption, the primary user transfers PRISM to the issuer wallet and indicates the requested redemption collateral (e.g USDO). The issuer triggers a redemption request to Monarq Asset Management for the required amount of assets, which may require unwinding multi-strategy positions. For large redemption requests (e.g.,2m in a single request), this process requires a minimum of T+4 days. 

Once the required redemption assets are received, the PRISM sent in for redemption is burnt from circulation and the redemption assets are sent to the primary user’s wallet.<br>