KurtosisSOLANA/EXPONENT · ONRE
PT-srONyc
Principal token on senior ONyc
Token Mint BKP9Rt…uMJQy
- Category
- Fixed yield
- TVL
- Matured, no live TVL.
- Realised APY
- Fixed at entry
- Risk rating
- Not yet rated
- Token type
- Principal token
SENIOR PROTECTION SNAPSHOT
Junior share of total effective NAV:
28.96%
Junior capital absorbs losses first. That support can be depleted.
Coverage = junior effective NAV ÷ (senior + junior effective NAV). This is not a risk score or guaranteed protection level.
Exponent app public tranching markets endpoint Risk-Tranching
What you actually own
Follow the held position down to its economic exposure.
Select a layer for its role, risks and evidence.
PT-srONyc uses this wrapper and vault
The wrapper has senior ONyc exposure
srONyc has exposure to the ONyc pool
ONyc represents an account interest
CONTROLS AND EXIT DEPENDENCIES
Shared controls affecting OnRe segregated account
Shared controls affecting PT-srONyc
Alternative exit for PT-srONyc
POSITION HELD
PT-srONyc
Principal token for the 10 September 2026 series.
What needs scrutiny:
Payoff requires maturity execution and the underlying realization path.
EXIT ROUTES
Each conversion introduces its own conditions. The intended cash destination is USDC; executable outputs remain unverified.
Series maturity: 10 Sept 2026, 09:58:00 UTC. Maturity and cash availability are separate events.
-
1. Buy the selected September PT
Quoted purchase asset; exact route unverifiedQuoted purchase assetRequired condition:
Correct PT mint, executable quote and sufficient market capacity.Failure point:
Quote size, slippage and any input conversion have not been measured.
-
1. Redeem the matured principal token
PT-srONyc · September seriessrONyc is the candidate underlying output; unverifiedRequired condition:
Maturity reached, exact vault and conversion path executable.Failure point:
USD accounting metadata does not establish a USDC payout or one underlying token per PT. -
2. Realize the senior claim
srONycONyc through the applicable withdrawal pathRequired condition:
Tranche state permits withdrawal and NAV has synchronized.Failure point:
Recovery may pause withdrawals; the active-state mapping and actual output have not been independently verified. -
3. Request issuer redemption
ONycPending redemption requestRequired condition:
Eligible investor, completed checks and verified payout wallet.Failure point:
Queue acceptance is not a cash payout; ONyc exposure continues before execution. -
4. Execute against available liquidity
Pending redemption requestAvailable USDC or USDG; verify actual offerRequired condition:
Issuer liquidity, queue processing and execution-time offer price.Failure point:
Timing, price, fee behavior and available size are unverified for this position. -
5. Reach the comparison cash asset
Settlement asset receivedUSDC, if available through the selected routeRequired condition:
If paid in another asset, a separately executable conversion is required.Failure point:
No additional conversion quote, capacity or fee has been verified.
-
1. Obtain an executable PT sale
PT-srONycQuoted settlement asset; unverifiedRequired condition:
Counterparty liquidity at the intended size.Failure point:
Sale proceeds can differ from the implied maturity payoff. No normal or stressed exit quote is available. -
2. Convert sale proceeds if required
Quoted settlement assetUSDC comparison destinationRequired condition:
A separately available conversion route.Failure point:
Each additional conversion introduces its own price, fee and capacity constraints.
-
1. Reconcile NAV and protection
capacityONyc economic exposureRevised senior/junior claimsRequired condition:
Recognize economic losses and applicable NAV updates.Failure point:
Junior depletion can transmit loss to senior. -
2. Test maturity execution under stress
PT-srONyc · September seriessrONyc is the candidate underlying output; unverifiedRequired condition:
Maturity reached, exact vault and conversion path executable.Failure point:
USD accounting metadata does not establish a USDC payout or one underlying token per PT. -
3. Resolve any senior withdrawal pause
srONycONyc through the applicable withdrawal pathRequired condition:
Tranche state permits withdrawal and NAV has synchronized.Failure point:
Recovery may pause withdrawals; the active-state mapping and actual output have not been independently verified. -
4. Test the ONyc cash-exit fallback
ONycQuoted settlement asset; unverifiedRequired condition:
An available market and size-specific quote, followed by conversion to USDC where needed.Failure point:
Issuer redemption access does not establish secondary depth. A stressed sale may be costly or unavailable.
ASSESSMENT RESULT
NOT APPROVED
See whyWHAT PREVENTS APPROVAL
Three key evidence requirements
-
1.Senior protection has a limit
Why it matters:
Losses can reach the senior position
once junior capital is exhausted.
Protection over your holding period is
unverified.Evidence:
Junior capital absorbs losses first, but
senior value can be impaired after that
capacity is exhausted. A publisher
buffer snapshot does not establish
protection for the holding period.To Resolve:
Verify active state, synchronization,
loss allocation and maturity during a
recovery pause. Score relief needs an
approved methodology change. -
2.NAV and exit prices are
unreconciledWhy it matters:
It is unclear how underlying losses
affect the price you can actually
redeem at.Evidence:
Reporting describes economic NAV
updates; the technical reference
describes stored pricing inputs. How
realized or reserved losses reach
executable mint and redemption prices
remains unresolved.To Resolve:
Trace claims and collateral impairments
into the actual pricing parameters and
downstream oracle consumption. -
3.Withdrawals may pause at
maturityWhy it matters:
Your PT can mature while senior
withdrawals are paused, delaying the
route to cash.Evidence:
Documented recovery mechanics can
pause senior withdrawals. The exact PT
settlement path through a recovery
state has not been simulated.To Resolve:
Verify active state, synchronization,
loss allocation and maturity during a
recovery pause. Score relief needs an
approved methodology change. -
4.Cash settlement is unverified
Why it matters:
Maturity alone does not establish the
asset or dollar amount you will receive.Evidence:
The selected series has USD
accounting metadata and srONyc
underlying exposure. Exact conversion
units, impairment handling and cash
output remain unverified.To Resolve:
Simulate the exact PT-to-srONyc path,
conversion rate, impairment and
downstream cash exit. -
5.Early exit has no executable
quoteWhy it matters:
Published liquidity does not establish
whether you can sell your intended size
or at what price.Evidence:
A secondary sale needs a size-specific
quote. Publisher TVL, pooled liquidity
and implied yield do not establish an
executable exit or a realized return.To Resolve:
Measure normal/stress depth, fees and
fallback capacity for every leg to the
chosen cash asset. -
6.Wrapper controls need
verificationWhy it matters:
Maturity alone does not establish the
asset or dollar amount you will receive.Evidence:
Program administration and wrapper
execution affect the route. Current
deployed code, authorities and audit
correspondence have not been
independently matched.To Resolve:
Verify binary versions, upgrade
authorities, signer threshold and
timelock; reconcile applicable audit
scope and findings. -
7.Holder rights remain unverified
Why it matters:
Your legal claim and recovery priority
depend on terms that have not been
obtained.Evidence:
OnRe describes an interest in a
segregated reinsurance account.
Signed participation terms, account
identity and insolvency priority were not
obtained.To Resolve:
Obtain signed terms, holder class,
account identity, recovery priority and
entity/license mapping. -
8.Current reserves are not
establishedWhy it matters:
Without dated holdings and reserves,
the capacity to absorb insurance losses
cannot be assessed.Evidence:
Premium income and collateral returns
are exposed to claims, expenses and
reserve changes. Current positions,
reserve adequacy and collateral
weights are not established.To Resolve:
Obtain dated holdings, claims/reserves,
concentrations and stress losses. Do
not treat the undated deal screenshot
as current holdings.
EVIDENCE AND OPEN QUESTIONS
Documentation establishes described mechanics. Deployment, legal rights and execution require their own evidence.
-
PT series and account identities
September PT, YT, SY and vault identities agree
across the inspected publisher endpoints.To resolve:
Confirm the intended maturity, independently verify
finalised accounts, and fix investor size, custody and
horizon. -
PT redemption and conversion
Yield stripping mechanics and USD accounting
metadata are documented.To resolve:
Simulate the exact PT-to-srONyc path, conversion
rate, impairment and downstream cash exit. -
Senior loss waterfall and recovery
Documentation and a publisher snapshot identify
senior/junior NAV and configured protection
mechanics.To resolve:
Verify active state, synchronization, loss allocation and maturity
during a recovery pause. Score relief needs an approved
methodology change. -
Exponent deployment and controls
Sec3 and Accretion tranching reports were inspected;
neither has been matched to active deployed code.To resolve:
Verify binary versions, upgrade authorities, signer threshold
and timelock; reconcile applicable audit scope and findings. -
Executable PT exit
Publisher liquidity metadata exists, but no executable
quote for the intended size was obtained.To resolve:
Measure normal/stress depth, fees and fallback
capacity for every leg to the chosen cash asset. -
Legal claim and account segregation
Issuer documentation describes segregated-account
participation.To resolve:
Obtain signed terms, holder class, account identity,
recovery priority and entity/license mapping. -
Underwriting and collateral
Portfolio policy and eight collateral candidates are
disclosed; current balances and weights are absent.To resolve:
Obtain dated holdings, claims/reserves, concentrations and stress
losses. Do not treat the undated deal screenshot as current holdings. -
NAV and loss transmission
Economic reporting and contract-price descriptions
have not been reconciled.To resolve:
Trace claims and collateral impairments into the actual pricing
parameters and downstream oracle consumption. -
Independent financial assurance
The issuer index links Apex reports through June
2026. The June report content could not be inspected.To resolve:
Obtain the actual report, scope, effective date,
balances and exceptions, plus subsequent reporting. -
Code, custody and administrative powers
Issuer controls and the July 2026 OtterSec review
are available as research evidence.To resolve:
Match audited code to deployment; verify authorities, signer
independence, timelock and reserve custody. -
Executable redemption and secondary exit
The documented redemption path uses an eligibility
gate and a liquidity-managed queue.To resolve:
Verify queue accounts, payout asset, delays, fee behavior and
executable quotes for the intended size.
SOLANA/EXPONENT · ONRE
PT-ONyc
Principal token on ONyc
Token Mint 2W5zZc…HvhiJ
- Category
- Fixed yield
- TVL
- Matured, no live TVL.
- Realised APY
- Fixed at entry
- Risk rating
- Not yet rated
- Token type
- Principal token
What you actually own
Follow the held position down to its economic exposure.
Select a layer for its role, risks and evidence.
PT-ONyc uses this wrapper and vault
The wrapper has ONyc exposure
ONyc represents an account interest
CONTROLS AND EXIT DEPENDENCIES
Shared controls affecting OnRe segregated account
Shared controls affecting PT-ONyc
Alternative exit for PT-ONyc
These are proposed economic and control relationships. Only material direct scoring children may transmit numeric risk; graph roles and risk attribution require separate review.
LAYER INSPECTION
Select a layer
Inspect what it contributes to this position, where uncertainty remains and which sources support the assessment.
The main chain traces economic exposure. Separate branches identify first-loss support, shared controls and alternative exits.
What needs scrutiny:
Evidence:
EXIT ROUTES
Each conversion introduces its own conditions. The intended cash destination is USDC; executable outputs remain unverified.
Series maturity: 10 Sept 2026, 09:58:19 UTC. Maturity and cash availability are separate events.
ROUTE UNDER REVIEW
Buying an existing PT-ONyc does not require manually building every underlying layer.
-
1. Buy the selected September PT
Quoted purchase asset; exact route unverifiedPT-ONyc · 10 Sep 2026Required condition:
Correct PT mint, executable quote and sufficient market capacity.Failure point:
Quote size, slippage and any input conversion have not been measured.
ROUTE UNDER REVIEW
Maturity starts a realization sequence. It does not guarantee immediate cash availability.
-
1. Redeem the matured principal token
PT-ONyc · September seriesONyc is the candidate underlying output; unverifiedRequired condition:
Maturity reached, exact vault and conversion path executable.Failure point:
USD accounting metadata does not establish a USDC payout or one underlying token per PT. -
2. Request issuer redemption
ONycPending redemption requestRequired condition:
Eligible investor, completed checks and verified payout wallet.Failure point:
Queue acceptance is not a cash payout; ONyc exposure continues before execution. -
3. Execute against available liquidity
Pending redemption requestAvailable USDC or USDG; verify actual offerRequired condition:
Issuer liquidity, queue processing and execution-time offer price.Failure point:
Timing, price, fee behavior and available size are unverified for this position. -
4. Reach the comparison cash asset
Settlement asset receivedUSDC, if available through the selected routeRequired condition:
If paid in another asset, a separately executable conversion is required.Failure point:
No additional conversion quote, capacity or fee has been verified.
XXXXXX
XXXXXX
-
1. Obtain an executable PT sale
PT-ONycQuoted settlement asset; unverifiedRequired condition:
Counterparty liquidity at the intended size.Failure point:
Sale proceeds can differ from the implied maturity payoff. No normal or stressed exit quote is available. -
2. Convert sale proceeds if required
Quoted settlement assetUSDC comparison destinationRequired condition:
A separately available conversion route.Failure point:
Each additional conversion introduces its own price, fee and capacity constraints.
STRESS SCENARIO
Underlying impairment or pricing failure can coincide with a thin PT market and issuer withdrawal limits.
-
1. Reconcile underlying impairment
ONyc economic exposureRevised underlying claimRequired condition:
Recognize economic losses and applicable NAV updates.Failure point:
The relationship between economic losses and executable offer pricing remains unresolved. -
2. Test maturity execution under stress
PT-ONyc · September seriesONyc is the candidate underlying output; unverifiedRequired condition:
Maturity reached, exact vault and conversion path executable.Failure point:
USD accounting metadata does not establish a USDC payout or one underlying token per PT. -
3. Test the ONyc cash-exit fallback
ONycQuoted settlement asset; unverifiedRequired condition:
An available market and size-specific quote, followed by conversion to USDC where needed.Failure point:
Issuer redemption access does not establish secondary depth. A stressed sale may be costly or unavailable.
Research map only. No transaction has been simulated or submitted. Exit capacity, fees and settlement units must be established for the selected size and wallet.
ASSESSMENT RESULT
NOT APPROVED
See whyWHAT PREVENTS APPROVAL
Three key evidence requirements
-
1.Cash settlement is unverified
Why it matters:
Maturity alone does not establish the
asset or dollar amount you will receive.Evidence:
The selected series has USD
accounting metadata and ONyc
underlying exposure. Exact conversion
units, impairment handling and cash
output remain unverified.To Resolve:
Simulate the exact PT-to-ONyc path,
conversion rate, impairment and
downstream cash exit. -
2.NAV and exit prices are
unreconciledWhy it matters:
It is unclear how underlying losses
affect the price you can actually
redeem at.Evidence:
Reporting describes economic NAV
updates; the technical reference
describes stored pricing inputs. How
realized or reserved losses reach
executable mint and redemption prices
remains unresolved.To Resolve:
Trace claims and collateral impairments
into the actual pricing parameters and
downstream oracle consumption. -
3.Early exit has no executable
quoteWhy it matters:
Published liquidity does not establish
whether you can sell your intended size
or at what price.Evidence:
A secondary sale needs a size-specific
quote. Publisher TVL, pooled liquidity
and implied yield do not establish an
executable exit or a realized return.To Resolve:
Measure normal/stress depth, fees and
fallback capacity for every leg to the
chosen cash asset. -
4.Wrapper controls need
verificationWhy it matters:
Unverified administration and deployed
code add uncertainty to settlement and
exit.Evidence:
Program administration and wrapper
execution affect the route. Current
deployed code, authorities and audit
correspondence have not been
independently matched.To Resolve:
Verify binary versions, upgrade
authorities, signer threshold and
timelock; reconcile applicable audit
scope and findings. -
5.Holder rights remain unverified
Why it matters:
Your legal claim and recovery priority
depend on terms that have not been
obtained.Evidence:
OnRe describes an interest in a
segregated reinsurance account.
Signed participation terms, account
identity and insolvency priority were not
obtained.To Resolve:
Obtain signed terms, holder class,
account identity, recovery priority and
entity/license mapping. -
6.Current reserves are not
establishedWhy it matters:
Without dated holdings and reserves,
the capacity to absorb insurance losses
cannot be assessed.Evidence:
Premium income and collateral returns
are exposed to claims, expenses and
reserve changes. Current positions,
reserve adequacy and collateral
weights are not established.To Resolve:
Obtain dated holdings, claims/reserves,
concentrations and stress losses. Do
not treat the undated deal screenshot
as current holdings.
EVIDENCE AND OPEN QUESTIONS
Documentation establishes described mechanics. Deployment, legal rights and execution require their own evidence.
-
PT series and account identities
September PT, YT, SY and vault identities agree
across the inspected publisher endpoints.To resolve:
Confirm the intended maturity, independently verify
finalized accounts, and fix investor size, custody and
horizon. -
PT redemption and conversion
Yield stripping mechanics and USD accounting
metadata are documented.To resolve:
Simulate the exact PT-to-ONyc path, conversion
rate, impairment and downstream cash exit. -
Exponent deployment and controls
The protocol publishes security documentation and
an audit register.To resolve:
Verify binary versions, upgrade authorities, signer threshold
and timelock; reconcile applicable audit scope and findings. -
Executable PT exit
Publisher liquidity metadata exists, but no executable
quote for the intended size was obtained.To resolve:
Measure normal/stress depth, fees and fallback
capacity for every leg to the chosen cash asset. -
Legal claim and account segregation
Issuer documentation describes segregated-account
participation.To resolve:
Obtain signed terms, holder class, account identity,
recovery priority and entity/license mapping. -
Underwriting and collateral
Portfolio policy and eight collateral candidates are
disclosed; current balances and weights are absent.To resolve:
Obtain dated holdings, claims/reserves, concentrations and stress
losses. Do not treat the undated deal screenshot as current holdings. -
NAV and loss transmission
Economic reporting and contract-price descriptions
have not been reconciled.To resolve:
Trace claims and collateral impairments into the actual pricing
parameters and downstream oracle consumption. -
Independent financial assurance
The issuer index links Apex reports through June
2026. The June report content could not be inspected.To resolve:
Obtain the actual report, scope, effective date,
balances and exceptions, plus subsequent reporting. -
Code, custody and administrative powers
Issuer controls and the July 2026 OtterSec review
are available as research evidence.To resolve:
Match audited code to deployment; verify authorities, signer
independence, timelock and reserve custody. -
Executable redemption and secondary exit
The documented redemption path uses an eligibility
gate and a liquidity-managed queue.To resolve:
Verify queue accounts, payout asset, delays, fee behavior and
executable quotes for the intended size.
SOLANA/ONRE
ONyc
OnRe tokenized reinsurance
Token Mint 5Y8NV3…tcxp5
- Category
- Private credit
- TVL
- $291.56M
- Realised APY
- 11.02%
- Risk rating
- Not yet rated
- Token type
- Yield-bearing token
What you actually own
Follow the held position down to its economic exposure.
Select a layer for its role, risks and evidence.
ONyc represents an account interest
CONTROLS AND EXIT DEPENDENCIES
Shared controls affecting OnRe segregated account
These are proposed economic and control relationships. Only material direct scoring children may transmit numeric risk; graph roles and risk attribution require separate review.
LAYER INSPECTION
Select a layer
Inspect what it contributes to this position, where uncertainty remains and which sources support the assessment.
The main chain traces economic exposure. Separate branches identify first-loss support, shared controls and alternative exits.
What needs scrutiny:
Evidence:
EXIT ROUTES
Each conversion introduces its own conditions. The intended cash destination is USDC; executable outputs remain unverified.
ROUTE UNDER REVIEW
Primary minting and secondary acquisition have different access requirements.
-
1. Choose an access path
USDC or USDG for primary mintONycRequired condition:
Use the issuer-supported mint path and its applicable onboarding; a secondary purchase uses its own quote.Failure point:
The wallet, access mode and size-specific execution have not been established.
ROUTE UNDER REVIEW
ONyc has no PT maturity. Eligible issuer redemption depends on queue and settlement liquidity.
-
1. Request issuer redemption
ONycPending redemption requestRequired condition:
Eligible investor, completed checks and verified payout wallet.Failure point:
Queue acceptance is not a cash payout; ONyc exposure continues before execution. -
2. Execute against available liquidity
Pending redemption requestAvailable USDC or USDG; verify actual offerRequired condition:
Issuer liquidity, queue processing and execution-time offer price.Failure point:
Timing, price, fee behavior and available size are unverified for this position. -
3. Reach the comparison cash asset
Settlement asset receivedUSDC, if available through the selected routeRequired condition:
If paid in another asset, a separately executable conversion is required.Failure point:
No additional conversion quote, capacity or fee has been verified.
ROUTE UNDER REVIEW
A secondary exit is distinct from an issuer redemption request.
-
1. Sell ONyc on a secondary venue
ONycQuoted settlement asset; unverifiedRequired condition:
An available market and size-specific quote, followed by conversion to USDC where needed.Failure point:
Issuer redemption access does not establish secondary depth. A stressed sale may be costly or unavailable.
STRESS SCENARIO
A delayed issuer payout and impaired secondary market can coincide with a NAV loss.
-
1. Recognize impairment
ONyc exposureRevised economic claimRequired condition:
Claims, reserve revisions or collateral losses affect account value.Failure point:
Loss recognition in NAV and executable offer prices remains unresolved. -
2. Reassess queue availability
Pending redemption requestAvailable USDC or USDG; verify actual offerRequired condition:
Issuer liquidity, queue processing and execution-time offer price.Failure point:
Timing, price, fee behavior and available size are unverified for this position. -
3. Test secondary fallback capacity
ONycQuoted settlement asset; unverifiedRequired condition:
An available market and size-specific quote, followed by conversion to USDC where needed.Failure point:
Issuer redemption access does not establish secondary depth. A stressed sale may be costly or unavailable.
Research map only. No transaction has been simulated or submitted. Exit capacity, fees and settlement units must be established for the selected size and wallet.
ASSESSMENT RESULT
NOT APPROVED
See whyWHAT PREVENTS APPROVAL
Three key evidence requirements
-
1.Holder rights remain unverified
Why it matters:
Your legal claim and recovery priority
depend on terms that have not been
obtained.Evidence:
OnRe describes an interest in a
segregated reinsurance account.
Signed participation terms, account
identity and insolvency priority were not
obtained.To Resolve:
Obtain signed terms, holder class,
account identity, recovery priority and
entity/license mapping. -
2.NAV and exit prices are
unreconciledWhy it matters:
It is unclear how underlying losses
affect the price you can actually
redeem at.Evidence:
Reporting describes economic NAV
updates; the technical reference
describes stored pricing inputs. How
realized or reserved losses reach
executable mint and redemption prices
remains unresolved.To Resolve:
Trace claims and collateral impairments
into the actual pricing parameters and
downstream oracle consumption. -
3.Current reserves are not
establishedWhy it matters:
Without dated holdings and reserves,
the capacity to absorb insurance losses
cannot be assessed.Evidence:
Premium income and collateral returns
are exposed to claims, expenses and
reserve changes. Current positions,
reserve adequacy and collateral
weights are not established.To Resolve:
Obtain dated holdings, claims/reserves,
concentrations and stress losses. Do
not treat the undated deal screenshot
as current holdings. -
4.Redemption depends on a queue
Why it matters:
You remain exposed to ONyc while
awaiting an eligible, funded
redemption.Evidence:
Primary exit depends on eligibility,
payout-wallet checks and available
settlement assets. A pending request
remains exposed to ONyc; secondary-
sale capacity is unmeasured.To Resolve:
Verify queue accounts, payout asset,
delays, fee behavior and executable
quotes for the intended size. -
5.Live controls need verification
Why it matters:
Documented powers and audits do not
establish who controls the current
deployment or reserves.Evidence:
OnRe documents upgrade, freeze, fee
and pause powers. The inspected
OtterSec report does not establish the
active deployment, signer configuration
or current reserve custody.To Resolve:
Match audited code to deployment;
verify authorities, signer independence,
timelock and reserve custody.
EVIDENCE AND OPEN QUESTIONS
Documentation establishes described mechanics. Deployment, legal rights and execution require their own evidence.
-
Legal claim and account segregation
Issuer documentation describes segregated-account
participation.To resolve:
Obtain signed terms, holder class, account identity,
recovery priority and entity/license mapping. -
Underwriting and collateral
Portfolio policy and eight collateral candidates are
disclosed; current balances and weights are absent.To resolve:
Obtain dated holdings, claims/reserves, concentrations and stress
losses. Do not treat the undated deal screenshot as current holdings. -
NAV and loss transmission
Economic reporting and contract-price descriptions
have not been reconciled.To resolve:
Trace claims and collateral impairments into the actual pricing
parameters and downstream oracle consumption. -
Independent financial assurance
The issuer index links Apex reports through June
2026. The June report content could not be inspected.To resolve:
Obtain the actual report, scope, effective date,
balances and exceptions, plus subsequent reporting. -
Code, custody and administrative powers
Issuer controls and the July 2026 OtterSec review
are available as research evidence.To resolve:
Match audited code to deployment; verify authorities, signer
independence, timelock and reserve custody. -
Executable redemption and secondary exit
The documented redemption path uses an eligibility
gate and a liquidity-managed queue.To resolve:
Verify queue accounts, payout asset, delays, fee behavior and
executable quotes for the intended size.