Receipt Market

Buy and sell withdrawal receipts on-chain, settled in lUSD. A receipt's fair value is its net redeemable— the principal + Aave yield it unlocks, minus the lUSD you must burn to redeem it. Listings below the net value trade at a discount.

01
List
Escrow your receipt and name an lUSD price.
02
Price discovery
Net value = redeemable − debt. Buyers see the discount.
03
Buy in lUSD
Pay the price, get the NFT, redeem after unlock.

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