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, and if the tokenised asset side fails outright a safety-close path recovers the request; 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.