How to redeem your BPRO from the UMA’s KPI Option uBPRO-BIP4
A simple step-by-step tutorial on how to redeem B.Protocol’s Liquidity Mining phase 2 rewards.
B.Protocol’s Liquidity Mining phase 2 ended on December 20th, 2021. As B.Protocol used UMA KPI option to align incentives for the rewards distributions across the project’s different actors, rewards were distributed to users in the form of uBPRO-BIP4 tokens — a UMA KPI ERC-20 token. To get your BPRO tokens please follow the next steps.
Step 1 — Claim your uBPRO-BIP4 token
Head over to the Farm-Info page on the B.Protocol app, connect your MetaMask, and CLAIM the uBPRO-BIP4 tokens you have accumulated. You would need to approve the Claim transaction on your MetaMask.
If you are using B.Protocol via Instadapp, make sure to use the right button we made just for you 👇
Step 2 — Redeem your BPRO tokens for your uBPRO-BIP4 tokens
Once you claimed your uBPRO-BIP4 tokens, head over to UMA’s B.Protocol project page, and Connect your MetaMask with the same account you used with B.Protocol to claim your uBPRO-BIP4.
Once connected, you can see your uBPRO-BIP4 balance (the short token s-uBPRO-BIP4 balance should be 0). Click on the Settle button to close your position and effectively swap your uBPRO-BIP4 to BPRO tokens. You would need to approve the Settle tx on your MetaMask.
*For Instadapp users — You should first send your claimed uBPRO-BIP4 tokens to a regular Ethereum account, Connect and Settle your position on UMA website using this account.
That’s it!
You got your BPRO liquidity mining rewards.
