Accounting

Because Enzyme.Onyx enables any type of strategy across unlimited systems, and to preserve the integrity of its tokenized structure, Vaults deployed with Onyx operate under a non-continuous accounting model.

A non-continuous accounting model means the Vault’s NAV isn’t updated in real time through live price feeds, but only at specific checkpoints defined by the manager or strategy.

Holdings Valuation

Vault Owners or Admins must regularly value the holdings and positions in their Management Wallet, with the frequency determined at their discretion. Once the valuation is reported, Enzyme.Onyx calculates the NAV by incorporating other items such as Capitalised Expenses, Deferred Income, and fees, and updates the Vault Share Price accordingly.