Does Redux function as effect too, or it's only instrument?

Eg, can it take audio input. I’d lile to use as effect unit in daw lile Audacity..

Yes. If your DAW supports audio input into a plug-in.

Look for the #Line Input device in the FX section of Redux. By default it receives audio from your DAW.

Then you can route that audio to any FX device available in Redux, which are pretty sweet IMO :saluting_face:

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Thanks for clarification!

It works as effect unit in Reaper, through line input meta device