xRWA
xRWA/learn
xRWA guides

Learn how xRWA works

Plain-language guides to xRWA’s vaults, claims, calculations and exits.

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What is xRWA?

A plain-language tour of xRWA: isolated vaults, two claims and planned exits.

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xRWA architecture in plain English

A simple reference for how one vault is funded, checked, split into claims and exited.

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Earn vs Boost: two claims, different risks

Understand senior financing, junior residual exposure and why priority is not guaranteed principal.

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How xRWA calculates gains and losses

A worked explanation of entry fees, financing, price shocks and reference gains or losses.

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Why a flat stock price can still produce a loss

Entry fees, execution costs and financing claims can change the result even when the underlying price is unchanged.

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The loss waterfall: who loses first?

A visual explanation of senior priority, junior residual value and possible impairment.

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Reference value is not guaranteed cash

Why a displayed claim value and an executable withdrawal are separate questions.

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Token units and multipliers explained

Why raw units, price and issuer conversion factors must be applied exactly once.

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Indicative, verified and executable prices

A practical guide to the three pricing questions behind every xRWA vault.

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Market sessions, gaps and closed-session risk

Why a closed exchange session is a different failure mode from a stale oracle or an issuer freeze.

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What does 1.5× exposure mean?

A beginner explanation of gross stock exposure, junior capital and senior financing.

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What happens when liquidity disappears?

Why new exposure can pause without automatically forcing a sale of existing positions.

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