> For the complete documentation index, see [llms.txt](https://docs.holoclear.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.holoclear.xyz/presale/redeem-pholo.md).

# 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 

<figure><img src="/files/i33j979p3NKernDDzo1O" alt=""><figcaption></figcaption></figure>

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

<figure><img src="/files/GTkG7u9mMtUQiyn3QjBJ" alt=""><figcaption></figcaption></figure>

* Select 'Transfer' to exchange pHOLO for HOLOYIELD

<figure><img src="/files/YkGvO9h83qmmVDYkklLj" alt=""><figcaption></figcaption></figure>

* 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

<figure><img src="/files/Gwnh9NJUzxzGZxT139MS" alt=""><figcaption></figcaption></figure>

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