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USDai Depositor Disclosures

This summary highlights important depositor disclosures. It should be read together with the detailed risk, technical and legal documentation.

Rules-Based Routing

Ordinary-course borrower payments and vault accounting are intended to follow predefined protocol logic and applicable financing documents rather than discretionary user-by-user allocation.

Yield Is Not Guaranteed

Returns depend on borrower performance, reserve income, fees, asset impairment, utilization and redemption timing. Historical or displayed yield should not be treated as a guaranteed future return.

Liquidity & Redemptions

Underlying GPU loans are not instantly liquid. Redemptions can therefore depend on available cash, repayments and the active queue or processing window.