# Redemption Queue

**Redemption Requests** give you access to your ***Redemption Queue*** and process the requests.

{% hint style="info" %}
Fore more information, please visit [Redemption Flow](https://enzyme-finance.gitbook.io/onyx/enzyme-vault/subscription/queues/redemption-flow).
{% endhint %}

## Updated Valuation

A redemption triggers the burning of Vault Shares and the transfer of funds to the depositor. As a result, the ***Vault Owner*** or ***Admin*** must evaluate the portfolio’s underlying assets and positions before executing a redemption to ensure that depositors’ Vault Shares are accurately valued.

By default, **Redemption Request** will prompt you to update the ***Holdings Valuation*** before execution.

## Transferring funds to the Vault smart contract

Once the Holdings Valuation has been updated, the ***Vault Owner***, ***Vault Admin*** or ***Managers*** must transfer the value of the depositors portfolio to the Vault smart contract if liquidity is not sufficient.

## Processing a redemption

Redemptions can be processed individually or in batches by selecting them. Redemption Requests cannot be rejected (as they are on-chain transactions), but they can be ignored.

{% hint style="success" %}
By executing Redemption Requests, you automatically trigger the burn of the Vault Shares as well as the funds transfer from the Vault smart contract to the Depositor Address.
{% endhint %}

The process of accepting a Redemption Request is an on-chain transaction :\
:arrow\_forward: Only Vault Owner and Vault Admins can execute such commands using their Owner Wallet and Admin Wallets\
:arrow\_forward: Triggers a transaction to approve in the wallet interface of either the Owner Wallet or the Admin Wallet executing the transaction 


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