Epoch & Settlement

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

Volta90 operates on a weekly epoch model. Rather than processing deposits and withdrawals instantly, the vault batches all pending requests at the end of each epoch and settles them at the closing NAV. This design preserves capital efficiency, protects existing investors from dilution attacks, and prevents MEV-based timing exploits.

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 — The valuation provider submits the closing NAV, reflecting all positions at mark price plus on-chain cash.
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 — the corresponding assets are locked in the vault contract. Pending USDC does not earn yield; pending VLT90 shares remain outside the active pool. Both are returned if a request is cancelled before epoch close.