Unwind
Unwind allows everyone to recover their assets from the Yield protocol in the event of a MakerDAO shutdown.
During the unwind process, the system debt to MakerDAO can be settled with settleTreasury
, extracting all free weth.
Any system savings can be converted from Chai to Weth using cashSavings
.
Users can settle their debt positions using settle
. The MakerDAO rates will be used to convert all debt and collateral to a Weth payout.
Assets in liquidation cannot be bought once the unwind has been started. Users in liquidation can settle their positions using settleLiquidations
. Any remaining weth collateral will be returned to the user.
Users can also redeem here their fyDai for a Weth payout, using redeem
.