Redeem
Convert NEB to esNEB Instantly, Redeem esNEB to NEB Through Flexible Vesting.
Redeem
The Redeem mechanism governs the conversion between NEB and esNEB.
NEB → esNEB: NEB can be converted to esNEB at a 1:1 ratio instantly at any time. Converted esNEB is primarily used for staking (Worker Nodes, Verifier Nodes), delegation, and participation in other incentive modules within the Nebulai ecosystem.
esNEB → NEB: esNEB can be redeemed back into NEB under different vesting periods (30, 90, or 180 days), each with a different release ratio. The unredeemed portion of NEB is injected into the Redemption Vault, rewarding Vault stakers and 180-day vesting participants.
Redemption Ratios
30 Days
30%
70%
90 Days
60%
40%
180 Days
100%
0%
180-Day Vesting Benefits
Choosing the 180-day vesting option provides the highest benefits:
100% NEB release ratio.
The corresponding esNEB is treated as auto-staked in the Redemption Vault, generating continuous Vault Shares throughout the vesting period.
Vault rewards remain active until the user claims their vested NEB or Vault rewards.
If claimed only after the 180-day vesting ends, all accumulated NEB and Vault rewards are distributed together, with no further Vault Shares generated thereafter.
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