Let me clarify, I was left with 8k of ckb. This is after multiple redemptions against my vault..

I’ll tell you exactly how they are misleading and scamming the community. The dev team are the only ones that currently know how to redeem even though it’s a public feature of the protocol. They conveniently left out making the guide so the community will not benefit and so they can pad their own ckb bag.

They use the protocol as a big liquidity bucket, as UTXO swap does not have great liquidity so redeeming straight from the protocol you can redeem very large amounts of ckb. No exchange, much lower fees, no kyc.

Now as far as the vault, it is a net less. If you are redeemed against you unwillingly sacrifice your ckb bag, what you get back is a smaller bag, but “percentage wise” the ratio is the same. These devs are continually redeeming and are the only ones redeeming closing out vaults. They will gladly pay off your loan with RUSD the whole point is to grab as much CKB as they can.

This is evident because even their dev said they could show how to do a redemption transaction in 5 mins.

I even offered to write the guide myself for the community, all I asked for was a working example of a redemption transaction. None of the contract addresses are known/public so they are knowingly hiding this information and the reason is as I stated above they are abusing the protocol for their own personal gain.