> For the complete documentation index, see [llms.txt](https://wdym.gitbook.io/document/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wdym.gitbook.io/document/wdym-tokenomic/the-redemption-process.md).

# The Redemption Process

Conversion between WDYM and esWDYM is a two-way process, each direction governed by its specific set of rules:

**Converting WDYM to esWDYM**

* Conversion from WDYM to esWDYM is always available, free from penalties or restrictions.
* The exchange rate for this conversion is fixed at 1:1.

**Converting esWDYM back to WDYM**

* When converting esWDYM back to WDYM, there's an unlock period which can be chosen by the user. The conversion ratio improves with longer redemption periods:
  * A minimum period of 10 days yields a conversion ratio of 1:0.25 (25%).
  * A mid-tier period of 60 days yields a conversion ratio of 1:0.625 (62.5%).
  * The maximum period of 120 days offers a full 1:1 conversion ratio (100%).
* Should the unlock period be less than the maximum, resulting in a ratio of less than 1:1, the shortfall in esWDYM is eliminated.
* Users have the flexibility to cancel the esWDYM redemption process at any stage.
* Canceling the redemption process before its completion nullifies the transaction, allowing users to reclaim their full esWDYM stake without receiving any WDYM.
* Up to 50% of the esWDYM designated for elimination through this process may be allocated to the WDYM Foundation to bolster network support.