Redeeming SFULC
SFULC can be redeemed instantly directly through Splyce.
When a user redeems SFULC:
- SFULC is burned
- The user receives stablecoins
- Redemptions are processed at net asset value
The redemption process is designed to be efficient and responsive, reflecting the structure of the underlying Fulcrum credit strategy.
This allows users to move between SFULC and stablecoins without relying solely on secondary markets.
Secondary market liquidity
In addition to redemptions, SFULC trades on decentralized exchanges such as Raydium.
Secondary market liquidity allows users to:
- Enter or exit positions instantly
- Trade SFULC without interacting with the mint or redeem flow
- Adjust exposure dynamically based on market conditions
At launch, Splyce is seeding seven-figure liquidity on Raydium to support active trading and price discovery.
How pricing works
When minting or redeeming SFULC, pricing is based on net asset value.
On secondary markets, pricing is determined by supply and demand.
Over time, market prices are designed to track the performance of the underlying credit strategy, but short-term deviations can occur due to trading activity.
This is normal for any onchain asset with both primary and secondary liquidity.