Matured Holding Vault

Mature but unredeemed assets are pooled together across all maturities within an Asset ID and held by the Mature Holding Vault.

The first user to redeem a TBT for the underlying asset post-maturity unstakes the entire vault position from the strategy, sending the user's funds the specified address & the remaining balance is sent to the mature vault.

Mature vaults may redeploy the assets in a liquid strategy, such that future redemptions will be immediately fulfilled. If the vault does redeploy the assets, it will continue to generate a yield for accounts that haven't yet redeemed, otherwise mature assets will not accrue yield.

Each Asset ID has it's own Mature Holding Vault, and can be upgraded to utilize new strategies. The custodian owns the mature vaults and controls those assets for redemptions.