Withdrawals from the Fund
Withdrawals from the Fund will be in whole UI amounts. When making a withdrawal, the Investor will surrender uLP tokens and accordingly receive the tokens forming the UI in proportional amounts. This operation will burn the delivered uLP tokens.
Upon withdrawal, the amount of commissions that will be returned to the Investor will be calculated. These commissions will be calculated based on the remaining Life Time of the Fund that the Investor had already paid when making the deposit.
The uLP that the Investor delivers and the uLP that corresponds to him/her in commissions to be recovered will be added, and that will be the amount of UI that will be delivered to the Investor.
The Total of Deposited UI, Total of Paid Commissions, and Total Fee of the Deposit UTxO must be updated in each withdrawal.
Last modified 5mo ago