Burn / Redeem

Burning destroys units of an asset and removes them from circulation, for example when an authorised participant redeems for fiat. A vault burns tokens from its own balance.

Updated 08 Nov 20261 min read

Required permissions: Burn tokens (BURN_TOKENS).

Prerequisites: The vault holds enough of the asset, and Bitcoin for fees.

  1. Open Movements and select New Movement, or select Burn on the asset page.
  2. Movement type: select Burn / Redeem.
  3. Source and destination: select the vault holding the tokens.
  4. Amount and asset: select the asset and enter the amount.
  5. Review and submit: select Submit Movement.

When the vault's threshold is met, the burn is broadcast. The asset's total supply falls by the amount burned.

To remove tokens from a holder who is subject to a legal order, use a clawback instead.

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