> For the complete documentation index, see [llms.txt](https://snowconedao.gitbook.io/snowconedao/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://snowconedao.gitbook.io/snowconedao/learn/glossary/redemption-rate.md).

# Redemption rate

**What everyone needs to know**[**​**](https://info.juicebox.money/dev/learn/risks/#what-everyone-needs-to-know)

* The redemption rate determines what proportion of treasury assets can be reclaimed by a token holder by redeeming their tokens.
* By default, all treasury assets that are considered overflow can be reclaimed by token holders. This can be modified using data source extensions.
* A project's redemption rate and extensions can be reconfigured each funding cycle.
* A redemption rate of 100% is linear, meaning a holder with 1% of the token supply can redeem all of their tokens for 1% of available treasury assets.
* A redemption rate of `x`% where `x` < 100% will leave some assets in the treasury to share between those who wait longer to redeem. The smaller the `x`, the fewer assets can be reclaimed.
* A project can set a different redemption rate that takes effect only when the project's current funding cycle has an active ballot.&#x20;

**What you'll want to know if you're building**[**​**](https://info.juicebox.money/dev/learn/risks/#what-youll-want-to-know-if-youre-building)

* A redemption rate can be specified in a funding cycle through the `SNOWController.launchProjectFor(...)` or `SNOWController.reconfigureFundingCyclesOf(...)` transactions.
* A ballot redemption rate can be specified in a funding cycle through the `CSNOWController.launchProjectFor(...)` or `CSNOWController.reconfigureFundingCyclesOf(...)` transactions, which will override the standard redemption rate if there is currently a reconfiguration ballot active.


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