> For the complete documentation index, see [llms.txt](https://docs.swivel.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.swivel.finance/swivel-v2.0.0/litepaper/money-market-vaults/exiting-selling-notional.md).

# Exiting/Selling nTokens

As with zcTokens, as rates fluctuate, active market participants require the ability to fluidly move in and out of nToken positions. To facilitate this market participation, Swivel provides the ability to exit/sell nTokens on our orderbook. 

Selling nTokens to an initiating counterparty:

**Bob has 1000 nUSDC.**\
**Bob fills Charlie's order for 1000 nUSDC, and in return receives 50 USDC.**\
**This leaves Bob with 50 USDC + any accrued interest.**

![Selling nTokens to an initiating nToken counterparty](/files/-Md-yoLF4rNrvEgkzKYs)

nTokens can also be sold to counterparties redeeming their zcTokens early:

**Bob has 1000 nUSDC.**\
**Bob fills Alice's order, selling Alice 1000 nTokens.**\
**Alice redeems 1000 zcUSDC + 1000 nUSDC for 1000 USDC and then pays Bob 50 USDC.**\
**This leaves Bob with 50 USDC + any accrued interest.**

![Selling nTokens to an exiting zcToken counterparty](/files/-McumIYiNN9vcOFXwnAn)


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