Redemptions

A redemption is a user’s request to exit the fund by returning shares in exchange for one of the approved payout assets (for example USDC), priced at the current NAV.

Redemption requests are stored onchain and processed by authorised operators. Requests are settled at NAV-based prices, subject to each asset’s configuration and available liquidity. Upon approval, the corresponding shares are burned and the selected asset is transferred to the designated receiver, net of any applicable redemption fees.

This mechanism allows users to exit at transparent, NAV-aligned terms, while giving the fund the ability to manage liquidity, control the pacing of outflows, and mitigate risk during both normal and stressed market conditions.