A Transmuter position locks alUSDb until a maturity counted in blocks, converting a little every block, and a claim pays out the converted part in mixUSDC. The holder can claim before maturity: the claim then hands back the part not yet converted as alUSDb, less an early exit fee, so claiming early gives up converting that part and pays the fee on it. Every figure here is one of the Transmuter’s own events, replayed, or arithmetic over them; none is read from the contract at a block.

This claim came 1,130,193 blocks before maturity, when 6.6% of the blocks from the stake to its maturity had passed. So 0.07 alUSDb had converted and was paid out as 0.07 mixUSDC. Of the 0.98 alUSDb still to convert, 0.97 came back as alUSDb and the Transmuter kept 0.01 alUSDb, 1%, as its early exit fee. The claim’s card below carries the arithmetic.