Redeeming & Liquidity

How and When You Can Withdraw

Sova's investment products are designed to mirror traditional fund mechanics - with scheduled redemption cycles and liquidity gates based on the underlying asset class.

When you're ready to exit your position, Sova provides a clear, secure path to redemption.

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Redemption Process: Step by Step

1. Submit Withdrawal Request

Log in to the Sova app and submit a redemption intent for your tRWA tokens.

2. Join the Redemption Queue

Your request enters the queue for the next eligible redemption window, which varies by strategy.

3. Underlying Assets Settled Off-Chain

Yield Curators unwind a portion of the portfolio and return capital in fiat.

4. Fiat Converted Back to Crypto

Fiat is converted into USDC or BTC via regulated partners and bridged on-chain.

5. Receive Payout

Once settlement is complete, you burn your tRWA token and receive the corresponding value in USDC or BTC.

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Liquidity Tiers by Strategy

Each vault on Sova defines its own liquidity profile based on the structure and volatility of its underlying investments.

Vault Type	Example Strategy	Liquidity Buffer	Typical Redemption Time
Ultra-liquid	Short-term treasuries	30%	1–3 days
Standard	Corporate credit, ETFs	10–20%	5–10 days
Gated or Locked	Lending, private credit	0–10%	14–30+ days

⚠️ Variable Timelines

These timelines may vary based on market conditions, strategy performance, and vault inflows/outflows.

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What Impacts Redemption Speed?

Several factors affect how quickly your funds are returned:

• Strategy liquidity: Treasuries are liquid; private credit is not

• Redemption volume: Large outflows may trigger gates

• Redemption window: Some vaults process requests weekly or monthly

• Lock-up period: Certain vaults enforce a minimum holding period

📊 Full Transparency

You'll always see the next redemption window and estimated payout time before confirming your withdrawal.

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Is There a Lock-Up Period?

Yes. Some strategies require your funds to remain invested for a minimum duration to match the liquidity and structure of the underlying assets.

• Lock-ups vary by vault - typically 15 to 90 days

• During this time, redemptions cannot be initiated

• After the lock-up expires, you may redeem during the next window

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Redemption Status Tracking

All redemption requests can be tracked directly in the Sova app, including:

• Request date

• Expected processing window

• Status: Queued / In Process / Completed

• Amount pending

🔔 Stay Informed

You'll also receive in-app notifications when your redemption is ready to claim.