Distributing proceeds on exits

Before any sale, publish the policy that governs timing, buyer selection, appraisal references, and conflict handling. No undisclosed related party transactions. No front running. Timestamp all steps.

Settlement flow

The math around the settlement is described in the Distributing yield section, and is performed the same way as for exits.

The only difference is that if an asset is sold, the corresponding asset is removed from the vault, hence the corresponding ERC-721 vault token will be automatically burned. The distribution will only be triggered after the vault token is burned. Once the process is completed, we recommend you to reference both transactions in your memo.

At the moment, we do not support partial or batched exits. We recommend that you structure payouts without selling the actual asset contractually instead.

For example, you could charge the seller a 5% non refundable deposit, which your customers can receive. In this scenario, until the asset is purchased, the value of the asset inside the vault remains unchanged.

Usage of EVEC (Exit coupon)

As detailed in the Distributing yield section, holders can reinvest EVEC for more vault tokens, or redeem after required checks for $XVAULT.

Disclosure and fairness notes

Announce the intended distribution window when practical. There is no look back, distributions go to holders of record at the snapshot block.