Redemption Fee

The redemption fee is a one-time charge applied when depositors redeem capital from the On-chain Investment Vehicle (OIV), calculated as a percentage of the redeemed amount.

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Principles

1. Payment Method:

• The performance fee is distributed in denomination (base asset) of the given On-chain Investment Vehicle.

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Formula

Redemption Fee

$$NAV_{redemption}=NAV\times(1-r_R)$$

Where:

• $r_R$: Redemption Fee Rate