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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.