Cross-Chain Deposits and Redemptions

Onyx enables cross-chain deposits and redemptions.

• Cross-chain functionality is available across any EVM-compatible network.
• Compatible with both synchronous and asynchronous deposit workflows.

Cross-Chain Deposits

You can deposit into an Onyx vault from a blockchain different from the one the vault lives on. The transfer is secured by Chainlink CCIP, Chainlink's cross-chain interoperability protocol.

The Source Chain is the chain where you hold the deposit asset and initiate the transaction. The Vault Chain is the chain where the vault lives and where your deposit ultimately settles and your shares are minted.

Bridging Time

The deposit transactions are confirmed on the source chain within seconds. The CCIP message then travels to the vault chain, where deposit are processed and your shares are minted. Delivery typically takes 20–30 minutes.

After submission, an alert on the deposit page links to the CCIP Explorer (https://ccip.chain.link/tx/{your-tx-hash}) where you can track the bridging progress in real time.

A cross-chain deposit pays an additional CCIP messaging fee on top of standard network gas. The fee is included in the Execute Deposit transaction — you do not need to send a separate payment.

Cross-Chain Redemptions

Vault shares always live on the vault's chain, they are never bridged back to the source chain deposits are from. Despite that, investors do not need to switch their wallet to the vault chain to redeem them. The redeem page lets them initiate redemption directly from the source chain, and CCIP relays the request across for them. See Redemptions for the general redemption flow.

Shares from a cross-chain deposit are held in a wallet on the vault chain that you control through your source-chain address. From your perspective, you simply stay on the source chain throughout deposit, redemption, and any cancellation.