> For the complete documentation index, see [llms.txt](https://refi.gitbook.io/refi-pro/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://refi.gitbook.io/refi-pro/refi-pro-details/faqs.md). # 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.