Early exit

Penalty schedule

Every term starts with a 25% collateral penalty. It declines linearly toward 10% until the final 24 hours, remains 10% during the final day, and becomes zero at maturity.

Start unbonding

Starting early unbonding sends the position NFT back to the Vault. The beneficiary and penalty are fixed at that moment. The action cannot be reversed.

Claim after 14 days

After the unbonding delay, the beneficiary claims collateral less the rounded-up penalty. The full promised USDC return is forfeited. The NFT is burned when the claim completes.

Restrictions

A listed NFT must first be removed from BondMarket escrow. A matured position should use the maturity claim instead, which returns principal and fixed USDC together without an early-exit penalty.