Tokens and Governance
atRISKUSD
Yield-bearing vault position: exchange-rate appreciation, tier system, and lock-up mechanics.
What Is atRISKUSD?
atRISKUSD is a yield-bearing vault position. Each atRISKUSD vault is tied to a market and a specific alpha-generating process. When you stake RISKUSD into a vault, you receive atRISKUSD shares at the current exchange rate. As trading generates revenue for that vault, the exchange rate appreciates. If trading loses money, the exchange rate decreases.
Key Properties
| Property | Value |
|---|---|
| Type | ERC-20 on Arbitrum (4 tier instances per vault) |
| Denomination | Floating exchange rate vs RISKUSD |
| Yield | Exchange-rate appreciation from trading |
| Trading risk | Yes — exchange rate can decrease |
| Supply | Elastic — grows with stakes, shrinks with withdrawals |
Tier System
| Tier | Lock-up | Yield Share |
|---|---|---|
| T0 | None | 50% |
| T1 | 3 months | 55% |
| T2 | 6 months | 60% |
| T3 | 12 months | 65% |
All percentages are current default protocol rules and governance-configurable.
Exchange Rate
The exchange rate is the ratio of RISKUSD backing to atRISKUSD shares outstanding. It moves based on trading performance:
- Profitable period — Exchange rate increases (more RISKUSD per share)
- Losing period — Exchange rate decreases (less RISKUSD per share)
- Yield crystallization — Attestation-driven exchange-rate updates can occur frequently
Withdrawal
- Request withdrawal — RISKUSD amount is calculated and locked at current exchange rate
- Wait for 7-day cooldown — position no longer participates in exchange-rate changes
- Execute withdrawal — receive locked RISKUSD amount
If in a locked tier (T1–T3), you must wait for lock-up expiry before requesting withdrawal.
Auto-Renewal
Auto-renewal is enabled by default. When your lock-up expires:
- Auto-renewal ON — Lock-up resets; you stay in the same tier
- Auto-renewal OFF — Shares revert to Tier 0; you earn Tier 0 yield
Toggle auto-renewal at any time through the staking interface.