Ender Protocol
  • ⭕What is Ender Protocol
  • Protocol Concepts
    • Depositing into Ender Bonds
    • END: Liquid Staking Yield Token
    • endETH: Hyper Liquid Staking
    • Refraction Fees
    • Redemptions
  • Endworld
    • Ender Bond: The Metaverse Bond
    • Metaverse Open world RPG
      • Core Concepts
      • Gameplay Features
      • Economic Systems
      • Generative AI and Realities
      • Redefining Web3 Gaming Through Innovative Design
      • Modular Game Worlds and User-Generated Content
      • Social Discovery and Creator Economy
  • Airdrop
    • Ender Zealy Campaign
      • Introduction
      • Overview
      • Meme Contest
      • Tips for Success
      • Terms and Conditions
    • Ender Points System
    • Invite System
    • Season 1
    • Incentivized Testnet
  • Early Access
    • Bond Liquidity Provision (BLP) Event
    • Closed Beta Early Access
  • Governance
    • Introduction
    • The ENDR Token
    • Governance Model
  • Treasury
    • Introduction
    • Vault Strategies
      • Liquid Restaking
    • Treasury Mint
  • Contracts
    • Deployment Addresses
    • Audits
  • Additional Documentation
    • Brand Assets
    • Glossary
    • FAQ
    • Legal
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  • Redeeming endETH
  • Bond Fees
  1. Protocol Concepts

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.

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.

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.

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Last updated 1 year ago