1. A user who wants to redeem the Topos proprietary TPG token connects her wallet to the user interface
2. The current TPG price is accounted for in stablecoin by the bonding surface on the basis of the current balance in stablecoin stored in the capital pool and the other relevant parameters in the pricing function (bonding surface)
3. The user burns via the user interface an arbitrary amount of TPG; the process to authorize the operation can be followed on the wallet
4. The capital pool releases an amount of stablecoin determined by the entity of the TPG burned and the pricing function (bonding surface)
5. A fraction of the stablecoin released in 4. Are allocated to the reserve pool; the amount of this fraction is determined by the capital pool method “spread”
6. The user receives the remaining fraction of the stablecoin released in 4.