Depositors
Withdrawals, Redemptions, and Exit Timing
How to exit the vault: atRISKUSD cooldown, RISKUSD redemption checks, and total exit timing.
Exit Path Overview
Exiting from an atRISKUSD vault to holding USDC requires an atRISKUSD withdrawal followed by a RISKUSD redemption. Only the atRISKUSD withdrawal has a cooldown.
| Step | Action | Cooldown | Result |
|---|---|---|---|
| 1 | Request withdrawal from atRISKUSD vault | 7 days | Receive RISKUSD |
| 2 | Redeem RISKUSD for USDC | None; immediate transaction when checks pass | Receive USDC |
Total time from initiating withdrawal to holding USDC: approximately 7 days plus the RISKUSD redemption transaction.
Step 1: Unstake atRISKUSD
When you request withdrawal from the vault:
- The RISKUSD 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 RISKUSD 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 RISKUSD for USDC
After receiving RISKUSD:
- Call
RISKUSDVault.redeem(uint256)with the RISKUSD amount - If checks pass, the transaction burns RISKUSD and returns USDC at 1:1
RISKUSD 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
atRISKUSD withdrawal execution cannot be blocked even if the protocol is paused. RISKUSD redemption is a separate vault transaction and may still revert while the RISKUSDVault 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 RISKUSD redemption transaction when checks pass. This gives depositors time to exit before a queued governance change takes effect under normal conditions.