Withdrawals

When Investors want to redeem the underlying asset of their Vault Tokens, they deposit the tokens back into the Vault by initiating a withdrawal request. These withdrawal requests are processed in a bi-weekly time window by the Vault as follows:

1. In case there is enough Vault denominated asset (i.e. USDC) to pay all the outstanding withdraw requests at the end of the time window, Investors will receive 100% of the underlying asset they requested to withdraw.

2. In case there is not enough Vault denominated asset to pay all the outstanding withdraw requests, the denominated asset will be allocated to Investors pro-rata. This means that if there is only 20% of USDC available to fulfil all the withdraw requests, Investors will receive 20% of the value of their Vault Tokens they requested to withdraw.