FAQs

Q1: Has the minimum buy-in for ReFi Pro been determined? A: Minimum buy-in of US$25,000+ for a start.

Q2: Will the total value of the ReFi Pro vault be considered as AuM (for daily reporting and AuM volume for distributions)? Yes, the total value of the ReFi Pro vaults will be considered as AUM for daily reporting, but not for distributions purposes.

Q3: What protections are planned for ReFi token investors if institutions purchase all the ReFi tokens just for access to ReFi Pro? There will be no requirements for institutions to purchase ReFi tokens if they wish to deposit capital into ReFi Pro.

Q4: Who will audit ReFi Pro? We've already had numerous internal and external developers audit ReFi Pro's smart contract, and the feedback has been great. We will also engage several auditors for 1 month to audit the smart contract.

Q5: Will ReFi Pro be secured by FireBlocks? Yes. FireBlocks is one of the key foundations for ReFi Pro to operate.

Q6: When will the vault tokenomics be released (maximum AUM, maximum token supply)? Max AuM will be at the investment manager's discretion. There is no maximum token supply.

Q7: What will the maximum limit for AUM be for ReFi Pro? Should it be staggered (10M, 50M, 100M, unlimited)? This may help with risk mitigation. Maximum AuM amount will be at the investment manager's discretion.

Q8: Any additional details on ReFi Pro? Minimum ReFi token needed? Are there any penalties if investors just use the vault for say, 1 month? No ReFi tokens are required for the first vault. You have to park your funds in 1 epoch for at least 1 week. No penalties involved.

Q9: Will the ReFi Pro vaults have different strategies than the ReFi Core Portfolio? The strategy for ReFi Pro capital will differ slightly from the ReFi Core Portfolio as the investment managers will focus primarily on low-to-medium risk strategies for ReFi Pro. There will be lower risk tolerance on ReFi Pro, so we're aiming for annualised returns of 35-40%.

On the other hand, the investment managers will continue to target strategies across the low-to-high risk spectrum for the ReFi Core Portfolio.

Q10: What is the fee structure for ReFi Pro? ReFi Pro charges 2% management fee and 20% performance fee.

Q11: How do $ReFi token holders benefit from ReFi Pro? $ReFi token holders benefit from the fees received from ReFi Pro. Those fees will feed through to the ReFi Core Portfolio, which leads to larger Portfolio value --> larger future distributions for $ReFi token holders --> higher ReFi token price. Note that ReFi Pro investors do not receive distributions, whereas $ReFi token holders continue receiving distributions.

Q12: How is ReFi Pro different from the $REFI token? Kindly refer to the table below listing the differences between ReFi Pro and the $REFI token.