🛡️Redeem
Why Redeem Staking?
Redeem Staking is the main feature to enhance value of $NTR. After a specific staking period, you will be able to redeem your $NTR without going through the market and redeem them at their real value at the current market price. This allows you to avoid paying the sell tax and it is also very important for the sustainability of the protocol since the $NTR and $bNTR redeem for $wETH are definitely burned.
Rates
Users, when staking, have the choice between two different rates. The fixed rate, which is calculated according to the last batch of bonds price, always higher, so users who bond can be safe and rewarded. Of course, $bNTR minters can also use the variable rate, which follows the market price of $NTR. Riskier strategy! $NTR holders can also stake using both of these rates.
How does it works?
You choose either $NTR or $bNTR.
Choose between Real-Time Market Price OR Fixed Rate a. Fixed rate: Your $NTR or $bNTR will be redeemable at a fixed rate b. Real-Time Market Price: Your redeem value will be $NTR Market Price
Redeem is unlocked proportionally to your staking amount. Every epoch, around 3.57% of your deposit is available for a redeem.
Redeem avoid sell tax.
100% of $NTR or $bNTR tokens redeemed are burn for ever.
Enhance Buy pressure and reduce Sell pressure.
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