> For the complete documentation index, see [llms.txt](https://deepfreezellc.gitbook.io/true-freeze/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://deepfreezellc.gitbook.io/true-freeze/basics/freezer-nft.md).

# Freezer NFT

Here, a Freezer NFT was minted with 0.14 WETH. It was locked on June 10th, 2022 for 365 Days. This earned 0.14 freezer ETH (frETH) the yield token of True Freeze:\
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&#x20;                                               1 frETH = 1 ETH locked for 1 Year\
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3 things can be done with this NFT: \
\
1\. It can be held until the **maturity date** (June 10th, 2023) and then redeemed for 0.14 WETH. This earns all the frETH minted and paid upfront, with 0 frETH fee and 0 WETH penalty.\
2\. The NFT can be sold on any NFT marketplace in which case, [zero-coupon bond pricing](https://www.investopedia.com/terms/z/zero-couponbond.asp) applies. \
3\. The NFT can be redeemed **early** (before the maturity date) with a variable frETH fee and a 0.25% WETH penalty. The frETH fee falls every day until it reaches 0 on the maturity date.\
[Early Withdrawal Cost Calculation](/true-freeze/tokenomics/early-withdrawal-cost-calculation.md)

<div align="center"><img src="/files/aF1VAktk8eETgkDMd1wQ" alt=""></div>
