Redeem (i.e sgETH->ETH)

This step-by-step guide is for users who have been staking sgToken(s) via the Singularity Compliant Staking Mechanism and desire to burn the sgToken(s) and mint it back to the original form/native token.

Keep in mind, when you decide to burn the sgToken(s) you will no longer be entitled to earning reward points.

Let's go through the steps:

1. Head to the Singularity App

2. Ensure you have selected "Compliant Staking" on the left-hand side as indicated in the following image:

3. Now ensure you have selected "Redeem" as indicated in the following image:

4. On the right-hand side select "Add" which will prompt you to open the Notes Management Tool Google Chrome extension where you have stored your staked assets

5. Now you will see the Private Note you want to redeem. In this case I am using the one highlighted in the image below:

6. Click "Use this note" and it will automatically be added and then prompt you to hit continue with the redemption process as indicated in the image below:

7. Sign the wallet transaction that pops-up via your connected wallet i.e Metamask

8. Download txt file and store in note management tool as indicated by the following image for safekeeping

9. Hit "Proceed with deposit"

10. Sign the wallet transaction

11. As indicated by the following image you have successfully burnt sgUSDT back to USDT. Please download txt file and save in notes management tool for safekeeping by selecting "Store in note mgmt"

12. To double check you may go to the Notes Management Tool and should see something like the following image:

You have successfully redeemed your USDT and burnt the sgUSDT in this scenario.