Epoch & Settlement

How Volta90's weekly epoch cycle works and how settlement is processed.

Weekly epochs — Monday close aligns with Vault Details (the UTC hour shifts with DST: 10:00 UTC in winter, 09:00 UTC in summer). Deposits and withdrawals batch at that NAV — no intra-epoch netting games.

Epoch Lifecycle

1. Epoch Open — A new epoch begins. Investors can submit deposit or withdrawal requests at any point during this window.
2. Epoch Close — The epoch window ends. No new requests are accepted for this cycle.
3. NAV Update — Internal valuation (positions at mark price plus on-chain cash) is reviewed, then the curator multisig submits the closing NAV on-chain.
4. Settlement — The vault processes all queued deposits (minting VLT90 shares) and withdrawals (burning shares, releasing USDC).
5. Next Epoch Open — The cycle repeats weekly.

Settlement Price

All deposits and withdrawals within an epoch settle at the same NAV per share, ensuring fair treatment of all participants. There is no advantage to submitting requests early or late within an epoch window.

Pending State

While a request is pending — submitted but not yet settled — treatment depends on the flow:

• Pending deposit: USDC is locked in the vault contract. It does not earn yield while queued. You can cancel before epoch close and your USDC is returned.
• Pending redemption (withdrawal): shares are earmarked for redemption and remain economically exposed to vault NAV until settlement (you are not yet out of the strategy — settlement converts them to USDC at epoch close). A redemption cannot be cancelled once initiated for this vault.