🏢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 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
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