Redeeming Shares From a Fund

Redeeming one's shares from a Melon fund is fairly simple. The first step is to create an instance of the Participation contract.

This example requires an environment instance as described here.

import { Hub, Participation } from '@melonproject/melonjs';
// your hub address
const hubAddress = '0x05263237f43190ce0e93b48afb25dd60a03ad3c5';
// declare an instance of the fund's hub to access the spoke contract addresses
const hub = new Hub(environment, hubAddress);
// the address of the fund's participation contract
const participationAddress = hub.getRoutes().participation;
// the address of the user making the redemption request
const userAddress = '0xf039e6893ffa43196fd9d1d7038b74bf39dda4a5';
// specify the gas price (refer to http://ethgasstation.info/).
const gasPrice = 30000000000;
// declare the instance of the fund's Participation contract
const participation = new Participation(environment, participationAddress);

From there, you can either redeem all shares:

const transaction = participation.redeem(userAddress);
const opts = transaction.prepare({gasPrice});
const receipt = transaction.send(opts);

Or redeem a specific amount of shares to redeem:

// a bignumber representing the number of shares to redeem
const shareQuantity = new BigNumber(329);
const transaction = participation.redeemQuantity(userAddress, shareQuantity);
const opts = transaction.prepare({gasPrice});
const receipt = transaction.send(opts);