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? Yes, through a secondary sale: a buyer funds the debt repayment and your proceeds in one transaction, and the trade settles when the buyer executes rather than on the issuer’s schedule. The issuer redemption route settles through the tokenised asset’s own redemption cycle.

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 issuer or platform whose mint and redemption process an adapter contract can drive from the user wallet, with proceeds arriving in the base asset. Each market’s page names its own. There is no on-chain role for a third party that supplies liquidity to requests.

What exactly is the Receipt NFT? An ERC-721 minted when a position locks for unwind. It tracks the request through its lifecycle and carries the bearer claim on the payout: once settlement lands, finalizeUnwind repays the debt, deducts the fee, reserves any auction winner’s entitlement, pays the holder what remains, and 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.