Redemption Queue
Redemption Requests give you access to your Redemption Queue and process the requests.
Updated Valuation
A redemption triggers the burning of Vault Shares and the transfer of funds to the depositor. As a result, the Vault Owner or Admin must evaluate the portfolio’s underlying assets and positions before executing a redemption to ensure that depositors’ Vault Shares are accurately valued.
By default, Redemption Request will prompt you to update the Holdings Valuation before execution.
Transferring funds to the Vault smart contract
Once the Holdings Valuation has been updated, the Vault Owner, Vault Admin or Managers must transfer the value of the depositors portfolio to the Vault smart contract if liquidity is not sufficient.
Processing a redemption
Redemptions can be processed individually or in batches by selecting them. Redemption Requests cannot be rejected (as they are on-chain transactions), but they can be ignored.
By executing Redemption Requests, you automatically trigger the burn of the Vault Shares as well as the funds transfer from the Vault smart contract to the Depositor Address.
The process of accepting a Redemption Request is an on-chain transaction : ▶️ Only Vault Owner and Vault Admins can execute such commands using their Owner Wallet and Admin Wallets ▶️ Triggers a transaction to approve in the wallet interface of either the Owner Wallet or the Admin Wallet executing the transaction
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