Inventory Management

Collateral pool is held in two primary locations:

  • On-chain smart contract wallet; and

  • Institutional custody.

On-chain smart contract wallet

Majority of ETH collateral is held on-chain, in a smart contract wallet linked to the protocol mint and redemption smart contract.

Institutional custody

A portion of collateral pool designated as margin for futures positions is held at institutional custody wallets outside of exchanges.

Currently, all margin is held at Ceffu.

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