Redeem the metal behind the paper.

Hard redemption is the vault’s promise made mechanical: burn AUR and the treasury pays out its GLD backing, less a 2% assay fee that stays in the vault for everyone who remains. GLD only — the USDG floor and the protocol’s liquidity never leave through this window. Redemptions draw on a per-epoch capacity that refills linearly, so the floor can never be drained in one rush.

Burn AUR → receive GLD

Sealed

AUR to burnBalance: — AUR

Gross GLD at current backing—

Assay fee (2%, retained by vault)—

You receive—

Irreversible · AUR is burned on assay · oracle freshness enforced on chain

Hard floor

—

GLD per AUR — treasury gold divided by supply. Redemption pays this rate, minus the fee.

Epoch redemption capacity

refills linearly

Remaining— / — AUR

The window throttles outflows to a per-epoch AUR budget. When the tank is empty it refills second by second — the floor holds while it does.

Assay fee

—

Retained by the treasury — raises backing per AUR for everyone left

Redeemable now

—

This epoch's remaining burn budget

Epoch budget

—

Maximum redemptions per epoch