# Mint Your HOOK (1, 1)

 Users can buy **HOOK** from the protocol at a discount by trading it with liquidity (LP tokens).

 It takes roughly 5 days to vest, and **HOOK** tokens are vested linearly to the user over that period. LP tokens including **HOOK** help the protocol to accumulate and lock liquidity, while other LP tokens allow the protocol to grow its treasury, and thus its RFV faster.

**Neverland** accepts below assets to mint **HOOK**:

* HOOK-KUSDT
* KUSDT-KDAI
* KUSDT-KUSDC
* more assets will be added

## How to Redeem <a href="#how-to-redeem" id="how-to-redeem"></a>

Go to Mint page and select the type of mint you have proceeded. Select the "Redeem" tab. Then, click "Claim Rewards" to claim all of your available rewards.

## Reading the Info <a href="#reading-the-info" id="reading-the-info"></a>

![](https://3789625158-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYcOwhg7UHi4YN6Nl1Hs9%2Fuploads%2F5xRI3lQPftND7wZO0sMU%2Fimage.png?alt=media\&token=dbd3bfef-41d0-45e1-a07d-622107a94ed9)

**Balance** is your balance of KLP (Klayswap LP) tokens. This is the asset used to mint **HOOK**.

**Mint Price** is the price of **HOOK** you get from minting. You can calculate the mint price using the following formulae:

* KLP Mint: (Value of your SLP token / HOOK you'll get from minting)

**Market Price** is the market price of **HOOK**.

**You Will Get** tells you how many **HOOK** you will get from minting.

**Debt Ratio** measures the total amount of **HOOK** created from mints that have yet to be paid out by the protocol. The debt ratio is calculated differently for among types of KLP mint:

* KLP including **HOOK**: (**HOOK** created from unredeemed mints / **HOOK** total supply)
* Other KLP: (**HOOK** created from unredeemed mints / **HOOK** circulating supply)

**Vesting Term** measures the period a minting takes to fully redeem. This number is 5 days or 15 epochs.

**Discount** is the difference between the mint price and the market price. In the screenshot above, minting would give you a 10.63% discount versus buying the same amount of **HOOK** from the market.

**Pending Rewards** is the amount of **HOOK** you are entitled to receive from minting.

**Claimable Rewards** is the amount of **HOOK** that you can claim now. This amount keeps increasing as **HOOK** is vested to you over the minting period.

**Full Mint Maturation** refers to the time when the minted **HOOK** is fully redeemable.

![](https://3789625158-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYcOwhg7UHi4YN6Nl1Hs9%2Fuploads%2FLSDRBlX9I1NC70lnVpui%2Fimage.png?alt=media\&token=88c41a0b-34bf-4a70-943b-95127b0a0395)