> For the complete documentation index, see [llms.txt](https://docs.resolv.xyz/litepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.resolv.xyz/litepaper/using-resolv/rlp/redeem.md).

# Redeem

When RLP is redeemed, a user receives a 1:1 (USDC, USDT or ETH) equivalent to the value of RLP redeemed less redemption fees.

Redemption of RLP can be carried out at any time, to the extent that the USR collateralization ratio is above 110%.

At current stage of protocol implementation:

* RLP can be redeemed into USDC or USDT;
* Redemption fees are waived;
* RLP redemption is processed within 24 hours.


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