Learn the difference between reference value, queued cash, escrow and modeled cash-redemption proceeds.
·2 min read
Portfolio groups claims by exact vault. It separates available USDC, unmatched financing, committed exit escrow and in-kind raw units so one dollar is never counted three times.
A cash exit values a selected receipt fraction, uses vault cash first, removes enough stock units and charges the explicit modeled execution cost. Stale pricing, issuer freeze, batch limits or leverage checks can block it without mutating the original ledger.