Opening IdentaFi…Opening IdentaFi…Opening IdentaFi…Liquidity shares that reflect the outcome of the market.
The proposed vault follows the ERC-4626 share model. A USDG deposit receives vUSD shares at the prevailing net asset value. A redemption exchanges shares back into USDG, subject to available liquidity and an exit fee.
The preview accepts an amount and reference share price, calculates the expected output and saves the parameters locally. No shares are minted.
Shares received = USDG deposited / share price Redemption estimate = shares × share price × (1 − exit fee)
The proposed sources are opening and closing fees, execution spread, net funding and realized trader losses. The vault also pays trader profits and may absorb losses if liquidations occur too late.
An optional external yield venue would introduce an additional contract and liquidity risk. No external strategy is configured or promised.
Net asset value must include the amount currently owed to traders, even before they close positions. Ignoring open profits would allow shares to be bought or redeemed at an inaccurate value.
Share price = (liquid USDG + strategy assets − net trader claim) / share supply
The proposed redemption fee is 0.10%, retained for remaining shareholders. The implementation must reserve backing for trader claims and open interest. Withdrawable liquidity can therefore be smaller than total net assets.
Stale pricing must prevent actions that rely on an accurate share price. Live limits and fees must be read from the deployed contract, not assumed from this specification.