Appendix
Last updated
Last updated
For a BTC lot size of 1 BTC corresponding to 1 TBTC and signer fee of 0.005 TBTC (50 basis points), the following table describes the amounts disbursed to each party at redemption time for pre- and at-term deposits, depending on who holds the TDT and FRT, and who initiates redemption. Three possible parties exist in the table—A, B, and C—and the listed scenarios cover situations where the same party holds the two tokens and initiates redemption, different parties have each role, and possibilities in between.
Table 2. Deposit payment flow
