Vault is not live · no deposits · helpers first

iPRA
Session

Mechanism

The bell is the oracle. The contract is the lock.

Tokenized stocks trade 168 hours a week. The companies underneath trade 32.5. iPRA does not paper over that gap with leverage or a frozen feed.

NY closed. NAV frozen at last regular print.

Session machine

Reading New York…

Mint / redeem
—
Rebalance
halted
NAV
—

  1. 01

    Deposit USDG

    Only during Regular (or vested Extended). The vault buys the published basket through Uniswap v4. Slippage above 40 bp reverts.

  2. 02

    Hold a share

    ERC-7540 async vault share. You own a slice of the stock tokens and the cash buffer. Not a Jersey note on iPRA itself — a claim on the vault.

  3. 03

    Watch premium

    NavLens publishes navPerShare every block. The pool can trade rich or cheap. The UI never hides the gap.

  4. 04

    Redeem in hours

    Share in, basket out or USDG out. Weekend redemptions wait for Monday. That is the product, not a bug.

Session table

StateClockMintNotes
RegularNY 09:30–16:00, weekdaysOpen against live Chainlink equity feedsRebalance TWAP 30–90 minutes. Daily turnover cap 4% of NAV.
Extended04:00–09:30 and 16:00–20:00 ETAccepted, vested 30–60 minutesRedeem at NAV minus a 15–40 bp window fee.
Overnight / weekendAll other hours, Saturdays, Sundays, NYSE holidaysClosedSecondary IPRA/USDG pool stays open. Trades that widen vs the last print pay more.