Skip to main content
Every deposit and redemption goes through the fund’s RiskManager. Each control is optional per fund — zero (or unset whitelist) disables that check. Value-based limits use the fee base asset so different assets compare on one scale.

​
Controls

Emergency pause. Blocks all deposits and redemptions. Separate from narrower global or per-asset queue pauses. Depositor whitelist. Merkle-root allowlist. Depositors supply a membership proof; non-members revert. Deposits only. Drawdown gate. If base price is more than a configured percent below high-water mark, new deposits block. Deposits only. Minimum sizes. Minimum deposit and/or redemption valued in the base asset. Per-batch caps. Cap total deposit or redeem value in one batch. Further requests wait for the next batch. TVL cap. Reject deposits that would push fund value over the ceiling. Deposits only.

​
When checks run

Checks run at request time against the last accepted price. Settlement uses the next accepted price. Admission now ≠ locked execution price. See Depositing. If no value-based checks are enabled, price lookups are skipped — so the first batch can accept deposits before any price exists.

​
Pause levels

​
Estimates

estimateDeposit and estimateRedeem return shares or assets at current prices after fees for front-ends. Estimates only; settlement uses the next accepted report.