NODO Vault Wind-Down & NDLP Redemption: Official Update
As part of an internal business adjustment, NODO is undergoing a product transition, which includes the discontinuation of NODO Vault products.
We would like to clearly reassure all users that this transition is not related to any security issues, smart-contract vulnerabilities, or fund safety concerns. All assets stored in NODO Vaults remain fully secure, and 100% of eligible user balances will be fully redeemed by 10 February 2026.
This decision was first communicated on 15 December, and since then, our team has been working closely across operations, engineering, and finance to ensure an orderly, transparent, and fair wind-down process for all vault participants.
Status of User Funds and NDLP Tokens
All user funds deposited into NODO Vaults remain safely held within the vaults. At no point have these assets been lost, misused, or transferred elsewhere.
NDLP tokens continue to be fully honored as proportional claims on the underlying vault assets. This applies equally to:
Active NDLP holders
Users who previously submitted withdrawal requests
Users who have not yet claimed their assets
In all cases, the underlying assets remain intact and reserved exclusively for user redemption.
Snapshot, Transparency, and Public Verification
To ensure full transparency, NODO has published a complete list of:
Wallet addresses
NDLP token balances
Corresponding vault asset balances
All data is based on a snapshot taken at 00:00 UTC on 29 January 2026. This dataset serves as the single source of truth for the final redemption process and allows users to independently verify their positions prior to distribution.
Allocation Methodology and Calculation Formula
User allocations are calculated using a simple and verifiable proportional model:
Step 1: Determine User Share Ratio
Example
Total NDLP supply in the vault: 10,000 NDLP
User NDLP balance: 250 NDLP
This means the user owns 2.5% of the vault’s total assets.
Step 2: Calculate Asset Allocation Per Token
For each asset held by the vault:
Example
Assume the vault holds at the snapshot time:
Total SUI in vault: 1,200 SUI
Total USDC in vault: 800 USDC
Total Cetus in Vault: 100 Cetus
Token A: SUI
Token B: USDC
Token C: Cetus
Using the user share ratio of 0.025:
SUI Received = 0.025 × 1,200 = 30 SUI
USDC Received = 0.025 × 800 = 20 USDC
Cetus= 0.025 × 100 = 2.5 Cetus
This methodology ensures that:
Every user receives a fair and proportional share of each underlying asset
The entire vault balance is fully distributed, with no remainder
Allocations can be independently recalculated and verified using the published data
How Asset Redistribution Works
Each NDLP token represents a proportional share of the vault’s total assets. As part of the vault wind-down, all underlying assets are being redistributed directly to users, strictly according to their NDLP holdings.
Depending on the vault strategy, redistribution may include:
One or both tokens from the vault’s liquidity pair
Reward tokens generated by the vault strategy
Each user’s allocation is calculated proportionally based on their share of total NDLP supply, ensuring that every participant receives exactly the value they are entitled to.
Redemption Timeline
The redemption process is being executed in clearly defined stages:
By 4 February 2026 Publication of wallet addresses, NDLP balances, and corresponding vault allocations. 👉 Check here.
By 9 February 2026 Processing and preparation of all eligible balances for distribution
By 10 February 2026 Final redemption completed, with 100% of user assets fully redeemed
Support and Review Process
If you have questions, need assistance, or believe there may be a discrepancy in your balance, please contact our support team at:
When reaching out, kindly include:
Your wallet address
Your NDLP balance
A brief description of your inquiry
Our support team will remain actively available throughout this transition period to ensure a smooth and fair resolution for all users.
Last updated