FAQ

How can a leveraged position open in one click when the tokenised asset takes days to mint? The position is initiated with a single action against interim collateral; the system manages the settlement phase transparently, and once the underlying asset settles, a Keyring operator can finalise on the user’s behalf. No manual loops, no action needed during settlement.

What happens if a redemption fails or is delayed? The position stays locked until the provider fulfils. If the system encounters issues, the safety manager can pause the market; see when the tokenised asset side fails. The Receipt NFT keeps representing the claim throughout; the request is never silently dropped.

Is there a way to exit without waiting for the redemption cycle? Exits settle through the tokenised asset’s own redemption cycle. The architecture admits provider types that front the base asset immediately; each market’s page states how its exits settle.

Is Unwind tied to one asset or lending market? No. The system is asset-agnostic and lending-market-agnostic; any tokenised asset and lending market meeting the integration requirements can be onboarded. Asset onboarding runs through the Keyring team; start at support.

Who can become a provider? Any entity that can supply base asset liquidity and accept tokenised asset collateral, typically the asset issuer or a closely aligned entity.

What exactly is the Receipt NFT? An ERC-721 minted when a position locks for unwind. It tracks the request through its lifecycle and, after a liquidation, persists as the bearer claim on the deferred payout: once settlement lands, the holder claims through finalizeUnwind, which burns the NFT.

Who can bid in liquidation auctions? Holders of a valid Keyring credential for the market’s auction policy. The economics and mechanics are covered in liquidations.