Expirations
Last updated
NFD Docs (V3)
Last updated
On the manage page, the Expirations tab will show you your expired NFDs. If they are expired but still in auction they will be in the Reserved tab where you're able to re-register them.
When a domain expires it enters a 28-day reverse auction where the price starts at $100,000 and gradually decreases to the standard renewal price.
During the 28-day auction, the original owner retains the right to renew the domain at the standard renewal price. They can regain full ownership without needing to pay the current auction price. This gives users a 'grace period' on top of the time they paid to register.
You will see a warning appear at the top of the page whenever you have NFDs close to expiration or that have already expired.
All metadata must be cleared before another owner can take over the NFD (via renew method). The UI will provide calls to unlink addresses and delete fields prior to the renew call if the data isn't already cleared.
When an NFD is expired, and someone clears the metadata, the MBR for the box storage used by that metadata is paid to the caller. Automated services can take advantage of this and in return for them providing this decentralized service of clearing metadata, receive payment in the form of the returned MBR.
