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Redeem XMR2 for XMR

Send XMR2 back and receive native Monero, minus the 1.0% redemption fee.

Redeem only if you want native XMR back.
The "up to 1% over market" is earned when you sell XMR2 for USDC into our bid on Hyperliquid, not by redeeming.

Step by step

  1. Create the redemptionOn the Bridge tab choose Redeem and enter your Monero address. The order gets its own Hyperliquid address.
  2. Send XMR2Send XMR2 (spot transfer) from any Hyperliquid account to the address shown in the order, in one transfer, within 120 minutes.
  3. Receive XMRAs soon as the transfer shows up on Hyperliquid, we pay the amount minus 1.0% to your Monero address. The order shows the Monero transaction ID.

Monero locks received funds for 10 blocks (about 20 minutes) before your wallet can spend them.

Rules that keep it safe

  • Own address: each redemption has its own Hyperliquid address, used for that order only and never again. Whatever arrives there is paid to the Monero address of that order, so nobody else can claim your transfer.
  • One transfer: the first transfer to the order address is paid automatically. A second one is kept safe and paid by hand: contact support.
  • Late is fine: a transfer after 120 minutes still belongs to its order and is paid when it arrives (checked for 7 days).
  • 1 USDC, refunded: Hyperliquid charges 1 USDC (on top, from your spot USDC) for the first transfer to a new address, so keep at least 1 USDC on Hyperliquid spot. After the payout we send that 1 USDC back to the account you sent from (redemptions from 0.1 XMR2).
  • Checked before paying: we verify your transfer on Hyperliquid itself before the XMR goes out.

Costs

1.0% of the amount received, no flat fee. The Monero network fee for the payout is on us. Compare: Wagyu charges 2% to redeem XMR1.

If something goes wrong

XMR2 sent anywhere other than an order address (for example straight to the bridge wallet) is held for review and returned to the sending address on request. See Late deposits & recovery.