Queues

Subscriptions follow a queued, non-continuous model.

Flow

Investors' deposits and redemptions enter dedicated queues rather than being processed instantly. Vault owners or managers must manually approve these requests at their chosen frequency.

Rules

Deposit and redemptions can :

• Be arbitrarily processed by Vault Owners or Managers

• Be executed in batch

• Be cancelled by the depositor after a waiting period defined by the Vault Owner or Admins

Deposit and redemptions cannot be cancelled by Vault Owner and Admins (Subscriptions are on-chain transactions and only the initiator can revoke them). However, Vault Owners and Admins may choose to ignore pending requests.

To ensure accurate share pricing, Vault Owners or Managers must first perform a Holdings Valuation and record it in the Onyx Management App before processing batches of deposit and redemption requests.