> For the complete documentation index, see [llms.txt](https://litra.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://litra.gitbook.io/docs/general/redemption.md).

# Redemption

## Why redeem NFTs?

Through the redemption, you are able to obtain ownership of underlying NFTs in Litra Vault. To redeem an NFT, you can acquire a wNFT in the same collection through Litraswap or decentralized exchanges and subsequently redeem the wNFT for the NFT you want. 

## Redeeming NFTs

### Select an NFT collection

After obtaining wNFTs, you can select an NFT collection to redeem. 

<figure><img src="/files/XyTmpH1k5VnlrIbygYwn" alt=""><figcaption></figcaption></figure>

Please remember, one wNFT can redeem one NFT in the same collection. By clicking the NFT collection, you enter the specific wNFT page.&#x20;

<figure><img src="/files/MaHvWVhVmXSBhuMZsxKu" alt=""><figcaption></figcaption></figure>

To redeem the NFT, click UNWRAP and select the NFT you would like to redeem from the NFT Token ID.&#x20;

<figure><img src="/files/QiDG76NxmyYl7X8QHDn7" alt=""><figcaption></figcaption></figure>

Then click UNWRAP and confirm in your wallet to unwrap and redeem the NFT.

### **Unwrap fee**

For a redemption fee, it will be distributed 100% to the Litra DAO. The fee rate is set to a default of 0% during the test phase, and the DAO can update the fee rate via a governance vote.

For example, with a 1% unwrap fee rate, you need 1.01 wNFT to redeem the specific NFT.&#x20;