Neo releases Neo Bond token return schedule, outlines special case handling

Neo has published the return schedule for NEO tokens contributed to the Neo Bond program, along with additional guidance for cases involving custodial exchange wallets and deposits beyond the contribution cap.

The Neo Bond program, launched in early April, features two benefits for participants. First, eligible contributions—those made before reaching the 5 million NEO cap—accrue interest at 50% APY, equating to approximately 3.44% over the program’s 30-day duration. Second, the Neo Foundation instituted a price protection guarantee, ensuring a minimum valuation of US $5 per NEO at the time of return. If the market price falls below this threshold, the NF will compensate users for the difference based on the Time-Weighted Average Price, or TWAP, recorded on CoinMarketCap on May 5.

Returns of contributed NEO will begin on May 6 at 4:00 a.m. (UTC) and will be issued in daily batches. Each batch will cover deposits made within a 24-hour window, starting with the initial period from April 5 at 4:00 a.m. to April 6 at 3:59:59 a.m. This schedule will continue until all contributions have been processed.

Neo also addressed three edge cases that will be managed separately by the NF:

• Custodial exchange contributions: Some users submitted NEO through custodial exchange wallets, despite prior warnings against this approach. The NF emphasized that these users must contact their exchanges immediately to coordinate the return process, as recovery will depend on the specific exchange’s policy.
• Cap-edge transaction: A transaction involving 47,428 NEO occurred at the 5 million cap threshold. Neo confirmed that the entire amount will be eligible for both interest rewards and price protection.
• Excess contributions: Deposits made after the cap was reached will not qualify for the program’s benefits. These contributions will be returned to the original wallet addresses as soon as possible.

The Neo Bond program was designed to reward long-term supporters with short-term yield and downside protection, while maintaining a fixed upper limit to control program scope. The program was introduced following an internal investigation into large-scale NEO token transfers that impacted the composition of consensus nodes and coincided with a significant decline in market value.

The full article can be found at the link below:
https://x.com/Neo_Blockchain/status/1912446730320458088