Cover Underwriting Guide
Get aUWT
Step 1: Launch App and connect wallet
Step 2: Get aUWT
Navigate to Underwrite
Choose the token you wish to stake and enter the amount. Then click "Confirm".
Approve the transaction in your wallet. No fees will be charged except the gas fees. Once the transaction is successful, you will see aUWT in your wallet. 🎉 And now you can participate in our basic premium sharing scheme by holding aUWT tokens.
Stake aUWT
Step 1: Launch App and connect wallet
Step 2: Stake aUWT
Navigate to Boost Underwrite
A list of pools will be displayed. You can search the pool using the search bar or the different filers.
Click anywhere on the row for the pool you wish to underwrite. It will expand to show more details. Click "Stake".
Enter the amount of aUWT you wish to stake on the pop-up window. Then click "Confirm".
Approve the transaction in your wallet. Once the transaction is successful, you will receive the respective LP tokens in your wallet. You can then view your staked amount and participate in our advanced premium sharing scheme.
Step 3: Claim rewards and Unstake aUWT
The shared premiums will be distributed to each underwriter in aUWT and auto-compounded, adding to the staked aUWT amount. The LP tokens you received for underwriting represent both your deposit and the rewards you get. Hence, to claim rewards, you can partially redeem the LP tokens to unstake aUWT.
Note: Unstake will be temporarily suspended if there are active claims. It will be reopened once all claims are settled.
Navigate to Boost Underwrite. Click on the pool you wish to unstake.
Click "Unstake".
Enter the amount of LP tokens you wish to redeem on the pop-up window. Then click "Confirm".
Approve the transaction in your wallet. Once the transaction is successful, you will receive the respective amount of aUWT in your wallet. 🎉
Redeem aUWT & Withdraw
Step 1: Launch App and connect wallet
Step 2: Redeem & Withdraw
Navigate to Underwrite -> Redeem aUWT
Note: Currently we only support the redemption of aUWT to amtSOL.
Enter the amount of aUWT you wish to redeem
Choose the withdrawal method: Instant or Delayed
Click "Confirm".
Approve the transaction in your wallet.
Instant Withdraw
amtSOL will be deposited into your wallet immediately with redemption fees ranging from 0.3% to 3%.
Delayed Withdraw
No redemption fees will be charged. However, you have to wait for some time to withdraw the redeemed amount.
You can check the time on your redeem ticket at the bottom. Click "Withdraw" to get the redeemed amount back to your wallet when this button is enabled.
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