Bond NFT

Withdrawing Made Easy: Introducing Bond NFTs

When you request a withdrawal from a Credit Vault, a special token called a Bond NFT is created just for you. This Bond NFT has some unique features:

  • Automated Rewards: It starts earning rewards independently right away, accumulating interest until your repayment date. The amount of interest you earn is directly linked to the number of cpTokens you locked in to create the Bond NFT.

  • Transparent Redemption: When you redeem your Bond NFT on or after the repayment date, you'll get back the original amount you withdrew (represented by your cpTokens) plus all the interest it accrued during that time.

This system streamlines the withdrawal process and ensures you continue to earn rewards even while your funds are locked up in the Bond NFT.

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