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.