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

# Rebate Ledger

How option sellers earn and claim auction rebates

> **Legacy deployment reference.** This page describes the previously documented USD₮0 auction system. Compatibility and availability for the current USDC PremiumPool have not been verified. See the [historical contract entries](/contracts/hyper-evm.md#legacy-addresses) and [current integration guide](/integration-guide.md) before choosing a deployment.

When an auction sells above the protocol's price, the extra goes back to whoever sold those options. That payment is your **rebate**.

You earn rebates on any option you sold to Hypersurface and still hold. Your share scales with your position. Rebates are paid in USDT0.

### Claiming your rebate

Your rebates are at [app.hypersurface.io/rebates](https://app.hypersurface.io/rebates), listed by option.

* Claim sends your rebate to your wallet. No approval needed.
* Rebates build up until you claim them.
* Rebates you have already earned stay yours, even if you later close, exercise, or settle the position.