Redeem or Withdraw newUSD

Description

Users can redeem newUSD tokens for AUSD at any time.

Flow of Funds

• User calls withdraw() or redeem()
  • withdraw(assets, receiver, owner) - Specify exact AUSD amount to receive. The vault calculates and burns the corresponding newUSD.
  • redeem(newUsd, receiver, owner) - Specify exact newUSD to burn. The vault calculates and sends the corresponding AUSD amount.
• newUSD tokens are burned from user’s balance
• Corresponding AUSD is withdrawn from vault
• Remaining AUSD is transferred to receiver

Examples

Functions

1
// Withdraw exact amount of AUSD, burn required newUSD
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function withdraw(uint256 assets, address receiver, address owner) returns (uint256 newUsd);
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// Redeem exact amount of newUSD, receive AUSD
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function redeem(uint256 newUsd, address receiver, address owner) returns (uint256 assets);
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// Check maximum AUSD you can withdraw
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function maxWithdraw(address owner) returns (uint256);
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// Calculate AUSD received for newUSD amount
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function previewRedeem(uint256 newUsd) returns (uint256);