Thane
  • Welcome
  • 1️⃣Introduction & Key Concepts
    • What is Thane?
    • How Thane Portfolios Work
    • What Are Portfolio Tokens?
    • How Are Portfolios Secured?
    • Glossary of Terms
  • 2️⃣Evaluating Influencers
    • Navigating the Influencer Screener
  • Understanding Performance Metrics
  • Setting Up Shill Alerts (Telegram)
  • Requesting a New Influencer
  • 3️⃣Understanding Thane Portfolios
    • Portfolio Composition & Rules
    • Security & Transparency
    • Fees
    • Supported Networks & Assets
    • Disclaimer & Risks
  • 4️⃣Buying & Selling a Portfolio Token
    • Creating a Thane Account
    • Depositing USDC
    • Security Best Practices
    • Step-by-Step Purchase Guide
    • Viewing Your Portfolio Token
    • Selling Your Portfolio Token
  • 6️⃣FAQs & Support
    • General FAQs
    • Contact & Support (Telegram, Email)
    • Feedback & Improvements
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  • Step 1: Request redemption
  • Step 2: Burn & collect USDC
  1. Buying & Selling a Portfolio Token

Selling Your Portfolio Token

Because the vault must unwind its holdings before it can pay you back in USDC, redemptions are asynchronous: you make a request, the vault sells the coins in the background, and then you burn the token to collect the USDC.

Step 1: Request redemption

  1. Open the influencer’s portfolio page for the token you hold.

  2. Click Request Redemption.

  3. Enter the quantity of portfolio tokens you want to redeem.

  4. Confirm the request.

What happens now? • Your request is recorded. • The vault begins selling your proportional share of the underlying coins. • This can take up to 24 hours. • Keep the tokens in the same wallet—moving them will cancel the request.

Step 2: Burn & collect USDC

  1. Return to the same portfolio page after the processing window.

  2. The Collect button will be active.

  3. Click it, review the USDC amount, and approve the burn transaction.

  4. The token is destroyed, and the vault transfers the prepared USDC on Solana to your wallet.

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Last updated 11 days ago

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