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How to execute your FIL Capsules in a multisig wallet

This tutorial explains how to redeem a FIL Capsule in your multisig wallet by using the required amount of GLF and sending the FIL to your chosen recipient. By executing FIL Capsules, the protocol buys $GLF directly from you at a premium to the market price, instead of purchasing from public markets.

For details on how FIL Capsules work, see this page.

For other tutorials on managing your GLIF+ Card, see this page.

If you are using a single-signature wallet, check this tutorial for a step by step guide.

  1. Go to the 'Loyalty' tab and open the 'FIL Capsules' section.

  2. Find the Capsule you want to execute. The process is the same for both standard Capsules and Referral Capsules. The required amount of GLF is shown inside the Capsule.

TIP

Please ensure you have enough GLF in your GLIF+ Card balance to unlock that Capsule.

  1. Enter the recipient address for the FIL you are redeeming. You can send it to your own wallet, a multisig wallet, or your Agents.

WARNING

It is recommended not to withdraw directly to an exchange, since some exchanges may not support the transaction format and this could result in loss of funds. Because all cash back is sent in a single transaction, a test transfer is not possible. For safety, please withdraw to a wallet you own first, confirm the balance, and then send to an exchange if needed.

  1. Click 'Execute'. Confirm in your wallet.

  2. After submitting the transaction, an "Execute" multisig proposal will be created.

  3. Navigate to the Proposals tab. Approve in every signer's account and confirm in the wallet.

  4. Once all signers have approved, wait one to two minutes for the transaction to be processed.

  5. After execution, you should see your GLF balance in the Card Summary decrease, and the recipient's FIL balance increase.

  6. When you return to the 'FIL Capsules' section, the Capsule should appear as 'Claimed'.

Conclusion

Your FIL Capsule has been successfully executed. You can now use the redeemed FIL as needed, while continuing to turn your iFIL positions and $GLF tokens into a stream of FIL redeemable rewards.

You may want to check out the other tutorials to learn more about managing your GLIF+ LP Card.

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