Convert OPerps to USDC

In this section, we will see how can we swap our OPerp tokens back to USDC. As you can see I have ~10 Short CALL OPerps on PEPE underlying (SCO_PEPE) which we can redeem for same amount in USDC.

Even if you haven't added the tokens in your wallet, you can see them in the Balance section on the bottom right side.

Simply click Redeem in the above shown Balance tab which takes you to the following screen where you click on Sell button and approve the transactions in the metamask

Once the transaction is approved, you will be able to see your sell order under "Open Orders" tab just below the Sell button as shown in the following image.

As will all other orders on our platform, this sell order will be executed at the end of the ongoing settlement cycle, after which you will see it under "Transfer to Wallet" tab where you can claim your USDC back

Click on claim and approve the transaction in the wallet. We can see the my USDC balance increased by ~10$ (preceeding image vs following image)

Please note that when you place a sell order, your tokens are still participating in the ongoing cycle and when the cycle settles, you might not be able to claim exactly the same amount of USDC that you sold. It will change by the profit and loss of the ongoing cycle.