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Shores vaults do not offer redemptions. To exit, you sell shUSD on the secondary market.

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Lockup

New shUSD has an initial lockup before it can be sold. [TBD: lockup length]

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Selling shUSD

After the lockup, you can sell shUSD in secondary-market pools on Robinhood Chain, with liquidity from LPs as well as Shores. [TBD: venue(s) and pool links]
  • The price is set by the market and can be above or below NAV.
  • Shores has no obligation to buy shUSD and does not promise any price or level of liquidity.
  • You pay any trading fees and slippage, and you stop earning yield on shUSD once you sell it.
There may not be enough buyers to sell the amount you want, at the price you want, when you want.

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Contract address

[TBD: shUSD contract address]. See Contract addresses.