Redemptions act as a last resort protection of $fxUSD's peg. They should only happen if the other fail. For that reason, the redemption feature is only possible when fxUSD is deppeged according to the . The redemption mechanism ensures that fxUSD can be redeemed for $1 worth of fxUSD's collateral. The redeemed collateral is taken by reducing the debt xPOSITIONS, starting with the most leveraged one and not exceeding a certain proportion of each position before moving to the next leverage level. It gives an incentive to buy discounted fxUSD and redeem it for its collateral for a profit while restoring fxUSD's peg. The redemption can be triggered using the following . Please note that a redemption fee is applied. Redemption fees and the maximum proportion of an xPOSITION to be redeemed can be found here.