🏢Investment Grade Commercial Paper Vault

Learn more about our commercial paper vaults backed by commercial paper from investment grade issuers

Summary

This opportunity provides investors access to yield generated from investments in investment grade commercial paper.

Vault	Details
Vault Name(s)	Investment Grade Commercial Paper
Token Symbol	xIGCP
Eligible Collateral	Investment Grade Commercial Paper with remaining maturities of less than 180 days
Stablecoins Accepted	USDC
Networks Supported	Avalanche
Investments	Anytime, vault tokens minted immediately
Withdrawals	Anytime, repaid after withdrawal processing period (7/30/90 Days)
Minimum Investment	250,000 USDC
Term / Lockup	None
Fees	50 bps per annum, deducted from the gross yield generated on the underlying collateral
Interest Accrual	Blended rate based on weighted average APY of the collateral, accrues daily
Indicative Interest Rate	Not applicable
Exchange Rate Method	Variable APY, daily compounding
Legal Structure	Leverages the same institutional grade legal framework, bankruptcy remote structure, and regulated service providers and counter-parties as our other OpenTrade Treasury Management & Yield Products