Redemptions

Upon maturity, bonds are redeemable and transform into marked-as-redeemed NFTs, retaining value for future utility.

Withdrawal Period

Upon maturity, you can initiate redemption of your bond's principal. This starts a withdrawal period, lasting up to 3 days, depending on the strategy's deployment and any required processing time.

Bond Fees

Upon redemption, the original deposit is returned to the user, less any bond fee set during the bonding process.

Redeeming prmETH

To redeem a bond, which has minted an equivalent value of prmETH against its deposit, you must possess the prmETH amount you wish to redeem. This action burns the prmETH, returning the bond's principal deposit to you.