FGN TBILLS Redemption Process

1. Instant Redemption (≤ 50,000 ENSC)

• 24/7 Atomic Settlement: Redeem tokens for ENSC instantly via on-chain atomic swaps on the Lisk network, ensuring no counterparty risk.

• No Delays: Smart contracts automatically burn redeemed tokens and release equivalent ENSC (minus fees) to the investor’s whitelisted wallet.

2. Large Redemptions (> 50,000 ENSC)

• Redemption Queue: Larger amounts enter a priority queue settled within 1–36 hours, aligning with Nigerian T-Bill liquidity cycles.

• Transparent Tracking: Investors monitor queue status in real-time via the vault’s dashboard, with email/SMS notifications upon completion.

Key Mechanics

• Token Burning: Redeemed FGN TBILLs tokens are permanently destroyed on-chain to maintain the 1:1 reserve ratio.

• Fee Structure: Redemptions incur a minimal network fee to cover Lisk gas fee costs and vault operations.

• Final Amount: Investors receive ENSC equivalent to the redeemed tokens’ value at redemption time, adjusted for fees.

Redemption Queue

The requests in the redemption queue are processed in accordance with a First-In-First-Out (FIFO) model. Redemptions are typically processed on the next 1-3. business day.