Depositors
Withdrawals, Redemptions, and Exit Timing
How to exit the vault: atRISKUSDC cooldown, RISKUSDC redemption checks, and total exit timing.
Exit Path Overview
Exiting from an atRISKUSDC vault to holding USDC requires an atRISKUSDC withdrawal followed by a RISKUSDC redemption. Only the atRISKUSDC withdrawal has a cooldown.
| Step | Action | Cooldown | Result |
|---|---|---|---|
| 1 | Request withdrawal from atRISKUSDC vault | 7 days | Receive RISKUSDC |
| 2 | Redeem RISKUSDC for USDC | None; immediate transaction when checks pass | Receive USDC |
Total time from initiating withdrawal to holding USDC: approximately 7 days plus the RISKUSDC redemption transaction.
Step 1: Unstake atRISKUSDC
When you request withdrawal from the vault:
- The RISKUSDC amount owed is calculated and locked at the current exchange rate
- From that point, your position no longer participates in exchange-rate changes (up or down)
- After the 7-day cooldown, you execute the withdrawal and receive the locked RISKUSDC amount
NOTE
The exchange rate is locked at the moment you request withdrawal. Price changes during the cooldown do not affect your exit amount.
Step 2: Redeem RISKUSDC for USDC
After receiving RISKUSDC:
- Call
RISKUSDCVault.redeem(uint256)with the RISKUSDC amount - If checks pass, the transaction burns RISKUSDC and returns USDC at 1:1
RISKUSDC redemption may revert or be blocked by the weekly cap, vault liquidity, reserve-ratio checks, unresolved loss or loss-pending conditions, blocklist status, or pause conditions. If a redemption would exceed the cap, it reverts; it does not queue for a later period.
Lock-up Constraints
If you are in a locked tier (T1, T2, or T3), you must wait for your lock-up to expire before requesting withdrawal.
- If auto-renewal is disabled and your lock-up has expired, shares automatically revert to Tier 0
- You then withdraw from Tier 0 (which has no lock-up)
- If auto-renewal is enabled, your lock-up resets automatically — disable auto-renewal first, then wait for expiry
Emergency Withdrawal
atRISKUSDC withdrawal execution cannot be blocked even if the protocol is paused. RISKUSDC redemption is a separate vault transaction and may still revert while the RISKUSDCVault is paused or another redemption check fails. There is no special emergency-withdraw mechanism that bypasses cooldowns.
Governance Exit Timing
Governance proposals take approximately 13 days from submission to execution (5-day voting plus 8-day timelock). The standard vault exit path takes approximately 7 days plus the immediate RISKUSDC redemption transaction when checks pass. This gives depositors time to exit before a queued governance change takes effect under normal conditions.