NFTH

Redeeming

Redeeming is the process of burning vTokens to withdraw NFTs from a vault.

Redeem Types

Random Redeem (0% Fee)

  • Burn vTokens, receive random NFT(s) from the vault
  • No choice over which NFT you get
  • Most gas efficient
  • Best for floor-price arbitrage

Targeted Redeem (1% Fee)

  • Choose specific NFT(s) to redeem
  • Pay 1% fee in vTokens
  • Useful for acquiring specific traits/rarities
  • Fee compensates for option value

How It Works

Random Redeem Flow

  1. Enter the number of NFTs to redeem
  2. Click Redeem Random
  3. Vault selects NFT(s) pseudo-randomly
  4. NFT(s) transferred to your wallet
  5. vTokens burned

Targeted Redeem Flow

  1. Browse NFTs in the vault
  2. Select specific NFT(s) you want
  3. Click Redeem Targeted
  4. Pay base amount + 1% fee
  5. Selected NFT(s) transferred to you
  6. vTokens burned

Fee Calculation

For targeted redeems:

Total cost = NFT count + (NFT count * 0.01)
Example: 1 NFT = 1.01 vTokens
Example: 5 NFTs = 5.05 vTokens

Partial vTokens

If you have fractional vTokens (e.g., 1.5 vTokens), you can:

  • Redeem 1 NFT (random or targeted)
  • Trade the 0.5 vTokens on a DEX
  • Acquire more vTokens to redeem additional NFTs

Vault Inventory

You can only redeem NFTs that are currently in the vault. The vault UI shows:

  • Total NFTs in vault
  • Available NFTs for targeted redeem
  • Your redeemable amount based on vToken balance