Minting, Redeeming and Bridging

1. How to mint xTokens & limUSD (Deposit)

1. Choose your Token and Destination Chain: Select which token you want to mint (e.g. $xHYPE, $xBTC, $xETH, $xLEND, or $limUSD), each tracking the overall performance of its underlying delta-neutral yield strategy. You can also select on which supported chain you want to receive the token.

2. Deposit stablecoin & mint: Enter the amount of stablecoins you want to deposit and from which supported chain. Once confirmed, your funds are added to the pooled strategy and you immediately receive your tokens.

3. Holding and using your tokens: You’re now holding yield-bearing tokens. Your position is automatically earning yield as the token’s value grows over time. From here, you can put your tokens to work across DeFi: use them as collateral, provide liquidity, or build new strategies on top.

2. How to redeem xTokens & limUSD (Withdrawal)

Exiting a position means redeeming your tokens for stablecoins, including both your initial deposit and accrued yield. There are two modes of redemption:

Instant Redemption, Omnichain

This option allows you to redeem your tokens from any supported chain for stablecoins immediately at the current price-per-share, as long as sufficient liquidity is available in the redemption buffer. A fixed instant redemption fee always applies, designed to protect the pool against sandwich attacks and fast-unwind risks:

Token(s)	Instant Redemption Fee
xHYPE, xBTC, xETH, limUSD	0.3%
xLEND	0.01%

These fees are redistributed back to token holders, effectively boosting their overall yield.

Standard Redemption (Queued withdrawal), HyperEVM only

This method lets you submit a redemption request, after which the strategy gradually unwinds positions to return your stablecoins. Processing times vary by token:

Token(s)	Processing Time	Reason
xHYPE, xBTC	Up to 3 days	Positions close safely over multiple funding cycles
xLEND	Up to 24 hours	Lending positions can be unwound faster
limUSD	Up to 7 days	Portfolio-level unwind across multiple underlying strategies

Standard redemptions are particularly useful when a large withdrawal exceeds the available instant redemption liquidity buffer, ensuring users are never blocked from exiting their position. Requested withdrawals also ensure fairness, preventing a single large exit from negatively impacting remaining holders.

In the event of a withdrawal representing a significant share of the vault’s total value, processing times may be extended beyond the standard window to ensure the strategy unwinds safely and minimizes impact on remaining vault participants.

3. Bridging xTokens & limUSD (Cross-Chain Transfer)

1. Choose your token: Select the token you want to bridge (e.g., xHYPE, xBTC, xLEND, limUSD).

2. Select the source chain and destination chain: Pick any supported chain. Because xTokens and limUSD are OFTs, they can freely move between all enabled networks.

3. Enter the amount to bridge: You can bridge any amount, including your full balance.

4. Receive your tokens: Once the LayerZero message is delivered, your tokens appear on the destination chain. Your share count and accumulated yield remain exactly the same.