> For the complete documentation index, see [llms.txt](https://docs.ledgity.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ledgity.finance/overview/how-to-use-ledgity/redemption-and-withdrawals.md).

# Redemption & Withdrawals

(Yield Product → Stablecoin → Fiat)

Withdrawals occur in **two steps**:

**Step 1 — Redeem (exit the investment product)**

To withdraw from a Ledgity yield product, the investor first performs a **“Redeem”** operation.\
Upon redemption, the investor receives the **stablecoin equivalent** of their position—either **EURC** (for lyEUR) or **USDC** (for lyUSD)—credited to their account/wallet environment.

In other words:

* **Redeem = exit the product**
* **Result = you receive EURC/USDC**, representing the value of your investment at that time (including accrued yield, as applicable)

**Step 2 — Withdraw to fiat (Stablecoin → EUR/USD)**

Once the investor holds EURC/USDC following redemption, they can convert and withdraw to their registered bank account (IBAN) using one of the following rails:

**A) Instant Withdrawal via MoonPay (Fee: 0.5%)**

1. The investor initiates a withdrawal request
2. Stablecoins are converted into fiat (EUR/USD)
3. Fiat is credited via the instant rail where available\
   **Fee:** 0.5%

**B) Standard Withdrawal via Delubac (Free, 2–3 business days)**

1. The investor initiates a withdrawal request
2. Stablecoins are converted into fiat (EUR/USD)
3. Fiat is transferred via standard banking rails to the registered IBAN\
   **Timeline:** typically 2–3 business days\
   **Fee:** free (bank timelines apply)

> **Note:** Investors may also choose to keep their proceeds in stablecoins (EURC/USDC) after redeeming, without converting to fiat.


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