Protocol Flow

  • Cycle Starts: Pool is in ACTIVE state

  • Deposit/Redemption: Users make deposit and redemption requests

  • Offchain Rebalance: Can be initiated by anyone when market opens

  • Onchain Rebalance: Can be Initiated by anyone when market closes

  • LP Rebalancing: LPs rebalance the pool

  • Cycle Completion: Pool is rebalanced, cycle advances

  • Claim Phase: Users can claim assets or reserves

  • Repeat: New cycle begins

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