> For the complete documentation index, see [llms.txt](https://docs.bounce.tech/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bounce.tech/basics/guides/redeeming.md).

# Redeeming

To redeem leveraged tokens, got to the top panel and click **Portfolio**. This will open the portfolio section where you can view your open positions, trading history, PnL, and the tokens you wish to redeem. *Note, You can also redeem from the positions tab on the mint page.*

1. **Click the Redeem button on the position you want to close**

<figure><img src="/files/b85WhNyzKYtEweUP547h" alt=""><figcaption></figcaption></figure>

2. **Confirm transaction details in the pop-up then click Redeem again**

<figure><img src="/files/KoL9zloD621OQPZY9z7c" alt=""><figcaption></figcaption></figure>

3. **Sign transaction in wallet.** Most redemptions have a \~1 second transaction time. However, larger redemptions may take up to 15 seconds.&#x20;

<figure><img src="/files/8mQeDnH7RHfnr7goh2QB" alt=""><figcaption></figcaption></figure>

4. **View your completed trade.** From the trade confirmation pop-up you can Share to X and copy or download your PnL card by clicking the icons at the bottom.

<figure><img src="/files/BEyqGEC5sVl9SOeArUwE" alt=""><figcaption></figcaption></figure>


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.bounce.tech/basics/guides/redeeming.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.