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Redemptions

The bonds are fully-redeemable upon maturity. Upon redemption, your bonds are kept as NFTs marked as redeemed. These NFTs will have further utility in the future, for our integration with the metaverse ecosystem and open-world RPG.

Bond Fees

When a user redeems their bond deposit, it will account for any bond fee which was set by the depositor originally during the bonding process. Users will get back their original deposit minus the bond fee.

Redeeming endETH

In order to redeem a bond, which has also minted the respective value of endETH against its deposit, you must also hold the amount of endETH for which you will redeem to get back the deposit in the bond NFT. This burns the endETH and gives you back the bond principal deposit.