Exit your position
Order book first, redemption queue as backstop. Weekly payout per request is the lower of your 25% per-cycle cap or your pro-rata share of lender-approved release capacity that week.
Weekly redemption reserves
How smart exit works
- 1Probe the order book. We measure size-weighted bid depth at or above your minimum price (ACV minus your max discount).
- 2Route what fills. Fillable units settle instantly at the blended bid; the rest enters the weekly queue.
- 3Throttle the queue. Weekly payout = min(25%/cycle cap, your share of lender-approved release capacity). The cap is a ceiling; unreleased repayments do not automatically become redemption liquidity.
- 4Keep resting on the book. Optional passive ask runs alongside the queue — fills auto-decrement your redemption row.
Exit position
We probe the live order book at your minimum price, then queue anything that can't clear into the weekly redemption waterfall — paid from lender-approved release capacity.
Per-cycle cap = 25% of position per week. Pool cap = 15% of NAV in any rolling 4-week window. When the queue exceeds reserve, payouts go pro-rata. ORA strikes at T+5; indicative proceeds may differ from the Official Redemption Amount.
Weekly payouts use pro-rata lender-approved release capacity, split between principal and accrued claim value. When queue demand exceeds the weekly reserve, payouts go pro-rata. The Official Redemption Amount is determined at each settlement date and may differ from indicative ACV.