# 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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                                                1 frETH = 1 ETH locked for 1 Year\
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3 things can be done with this NFT: \
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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](https://deepfreezellc.gitbook.io/true-freeze/tokenomics/early-withdrawal-cost-calculation "mention")

<div align="center"><img src="https://3375053316-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FCuoWrqUivgdEBM9CMKny%2Fuploads%2F7RHfpNfggtNmIPiBCUGA%2Fproduction_freezer_NFT.png?alt=media&#x26;token=6bb29f83-2724-432b-8ac3-29588018ca7f" alt=""></div>