Vault
Redemptions
Redeem TLP for USDT in three steps.
Step 1Requestat any time. The contract records the equity per share at that moment. The requested TLP is locked: it cannot be transferred or withdrawn from the request, and it still moves with the pool's gains and losses.
Step 2Wait 24 hours
Step 3ClaimYou receive TLP × the lower of the equity per share at request time and at claim time, credited to your trading balance. The redeemed TLP is burned. A rise during the wait is not paid out; a fall is.
Payment order
Redemptions are paid only from the Vault's own available USDT, after queued winners.
- While the settlement queue is not empty, the Vault balance is zero and claims wait until it clears.
- If the amount due exceeds the Vault's USDT balance, a claim pays what is available. The TLP matching the paid amount is burned; the rest stays in the request and can be claimed whenever the Vault balance allows, with no second wait and at the same lower-of pricing.
- Claimable redemptions are paid in the order requested.
- While equity is zero or negative, redemption is suspended: no new requests and no claims until equity is positive again.
Vault flows and payment orderWinners are paid before shareholders: while the settlement queue is not empty, every redemption stops at the release check.
Loss closes and liquidationsCredited L; the loser gets TLP worth r × L
USDT depositsQueued; liquidation sweep, then minted at equity per share; capped at 20%
Protocol feesOne 2% fee at close; half stays in the Vault
Vault ERC-4626 / 7540A = own USDT − queued claims − UU = open PnL of every position facing the Vaultequity per share = max(A, 0) ÷ TLP supplyOne share class; TLP is transferable. No premine; the initial 1 TLP sits at a burn address.
Losing trader gets TLPWorth r × L; r normally 1–2%, up to 10%
Platform and referralsThe other half of fees, in USDT; referral payouts come from it
Winner payouts
Winning closeMargin returned at once
Enough Vault balance?Yes: profit paid at once
No: settlement queueFirst in, first out
Refilled by losses and depositsThe admin calls harvest in order
Queue not empty → hold
LP redemptions
RequestTLP locked; no cancel or transfer
Wait 24 hoursStill exposed to pool PnL
Release checkQueue empty and balance available
Claim USDTLower of request and claim value; TLP burned
Redemption requests and claims are signed by your wallet. A session key cannot redeem.
Vault · 12 / 21
Redemptions
Redeem TLP for USDT in three steps.
Step 1Requestat any time. The contract records the equity per share at that moment. The requested TLP is locked: it cannot be transferred or withdrawn from the request, and it still moves with the pool's gains and losses.
Step 2Wait 24 hours
Step 3ClaimYou receive TLP × the lower of the equity per share at request time and at claim time, credited to your trading balance. The redeemed TLP is burned. A rise during the wait is not paid out; a fall is.
Payment order
Redemptions are paid only from the Vault's own available USDT, after queued winners.
- While the settlement queue is not empty, the Vault balance is zero and claims wait until it clears.
- If the amount due exceeds the Vault's USDT balance, a claim pays what is available. The TLP matching the paid amount is burned; the rest stays in the request and can be claimed whenever the Vault balance allows, with no second wait and at the same lower-of pricing.
- Claimable redemptions are paid in the order requested.
- While equity is zero or negative, redemption is suspended: no new requests and no claims until equity is positive again.
Vault flows and payment orderWinners are paid before shareholders: while the settlement queue is not empty, every redemption stops at the release check.
Into the poolWinner payoutsLP redemptions
Loss closes and liquidationsCredited L; the loser gets TLP worth r × L
USDT depositsQueued; liquidation sweep, then minted at equity per share; capped at 20%
Protocol feesOne 2% fee at close; half stays in the Vault
Vault ERC-4626 / 7540A = own USDT − queued claims − UU = open PnL of every position facing the Vaultequity per share = max(A, 0) ÷ TLP supplyOne share class; TLP is transferable. No premine; the initial 1 TLP sits at a burn address.
Out of the poolLosing trader gets TLPWorth r × L; r normally 1–2%, up to 10%
Platform and referralsThe other half of fees, in USDT; referral payouts come from it
Winning closeMargin returned at once
Enough Vault balance?Yes: profit paid at once
No: settlement queueFirst in, first out
Refilled by losses and depositsThe admin calls harvest in order
RequestTLP locked; no cancel or transfer
Wait 24 hoursStill exposed to pool PnL
Release checkQueue empty and balance available
Claim USDTLower of request and claim value; TLP burned
Queue not empty → holdRedemptions wait at the release check until queued winners are paid.
Redemption requests and claims are signed by your wallet. A session key cannot redeem.