> For the complete documentation index, see [llms.txt](https://docs.flurry.finance/flurry-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.flurry.finance/flurry-finance/the-rhotoken/the-rhotoken-1.md).

# The rhoToken

The Flurry protocol issues **rhoTokens**, the utility tokens which are backed 1:1 by its underlying stablecoins:

{% hint style="info" %}

#### **`1 rhoUSDT = 1 USDT`**

{% endhint %}

![rhoUSDT](/files/7wVV38oT3VSyt62NQ4yV)

{% hint style="info" %}

#### **`1 rhoUSDC = 1 USDC`**

{% endhint %}

![rhoUSDC](/files/QwiyksphId46Ffl6x1Ag)

{% hint style="info" %}

#### **`1 rhoBUSD = 1 BUSD`**

{% endhint %}

![rhoBUSD](/files/zqfAKR2gXHN11Ay3272h)

### **Minting rhoTokens**

Users convert their **USDT** / **USDC** / **BUSD** into **rhoUSDT** / **rhoUSDC** / **rhoBUSD** using the **Flurry Protocol**. Depositing a stablecoin will result in the issuing of the corresponding rhoToken. Once the rhoTokens are in your wallet, you can **hodl**, **trade**, or redeem them whenever you want!

Check out the how to mint rhoTokens through the [**Flurry DApp**](https://app.flurry.finance/) in the portal below:

{% content-ref url="/pages/NO9Bp63p4TkvMwjEjQeV" %}
[Earn](/flurry-finance/user-guide/earn.md)
{% endcontent-ref %}

### **Redeeming rhoTokens**

Users can convert their rhoTokens back into their corresponding stablecoins using the **Flurry DApp** (also through the portal for **minting rhoTokens** above).

There is no exit fee currently, though Flurry Finance reserves the right to charge an exit fee in the future (in the range of 0.5%).


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.flurry.finance/flurry-finance/the-rhotoken/the-rhotoken-1.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.