# Redeem

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* LETH can be used to redeem for stETH at 1:1 at anytime. Vaults will be arranged based on mint ratios (from high to low) to service redemption request.
* LETH price de-pegging encourages arbitrage actions that will close the de-pegging.
* A dynamic redemption fee will be charged based on each vault's mint ratio.  50% of the redemption fee will be used to compensate the vault owner from which the redemption is made, and the remaining 50% of the redemption fee will be used to further incentivize the liquidity providers.  This split ratio of the redemption can be adjusted in future if required.&#x20;
* There is a redemption availability quota which limits the maximum amount that can be redeemed at any given time. &#x20;
  * The maximum redemption quota is 3% of total LETH supply.&#x20;
  * If the redemption quota is utilized (i.e. below 3% of total LETH supply), it will be replenished automatically at a rate of 3%\*total LETH supply / 24\*60\*60 per second.&#x20;
  * This is to prevent the risk of massive redemption at once.