# Redeem pHOLO

pHOLO can be exchanged for HOLOYIELD upon launch, this will then earn interest throughout the vesting period. 4% will become unvested each day and can be claimed for $HOLO after a 24 hour cooldown period. Holders redeem their pHOLO via the HOLOCLEAR dApp. The steps are as follows:

* Ensure your wallet is connected 

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* Select 'Approve' to allow the dapp to swap pHOLO for HOLOYIELD

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* Select 'Transfer' to exchange pHOLO for HOLOYIELD

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* Your HOLOYIELD will then be vested linearly for for 25 days earning interest throughout
* 4% will become unvested each day and can be redeemed via the Presale page for HOLOYIELD after a 24 hour cooldown period

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* If unclaimed the vested tokens will continue to earn interest&#x20;