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OpenEden Documentation
OpenEden Documentation
  • 👋Welcome To OpenEden
  • 🔵TBILL
    • Introduction
    • Product Structuring
    • Investor Onboarding
    • Subscriptions
    • Redemptions
    • Fees
    • Token Price
    • Risks
    • Trust & Transparency
    • Smart Contract Addresses
    • On-chain Governance & Controls (I)
    • Off-chain Governance & Controls (II)
    • FAQ
    • Legal
      • User Agreement
      • AML/CFT Policy
      • Cookie Policy
      • Electronic Signature Policy
      • Privacy Policy
  • 🟣USDO
    • Introduction
      • Product Structuring
      • Bankruptcy Remoteness
      • USDO Reserves
      • Eligibility
        • Prohibited Jurisdictions
        • Onboarding Steps
      • Service Providers
    • USDO Token
      • Minting Workflow
      • Redemption Workflow
      • Cut-Off Time
      • Bonus Multiplier
      • Fees
      • Reserve Assets
    • cUSDO Token
    • Collateralization Ratio
    • Transparency
    • Risks
      • Smart Contract Risk
    • FAQs
    • Developers
      • Integration Guide
      • Contracts
    • Legal
      • User Agreement
      • Cookie Policy
      • Electronic Signature Policy
      • Privacy Policy
    • Guides
      • USDO Instant Mint via Etherscan
      • USDO Redemption via Etherscan
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  • Subscription Process
  • Restrictions
  • Address Level
  1. TBILL

Subscriptions

PreviousInvestor OnboardingNextRedemptions

Last updated 1 year ago

Subscription Process

An onboarded Investor can subscribe to TBILL tokens from the TBILL Vault by depositing USDC either on the or through the.

The subscription process begins when an onboarded Investor deposits USDC into the TBILL Vault. In exchange, the Investor will receive TBILL tokens that are of an equivalent dollar value at the time of deposit. The exact number of TBILL tokens that the Investor will receive is a function of the prevailing TBILL/USDC token price at the time of deposit and the amount of USDC deposited.

The token price used for computation will be fed from the TBILL price oracle contract.

tbillTokensReceived=usdcDepositedexchangeRatetbillTokensReceived = \frac{usdcDeposited}{exchangeRate} tbillTokensReceived=exchangeRateusdcDeposited​

Restrictions

Address Level

Deposits can only be initiated from addresses that have been whitelisted after participants have successfully completed the . Additionally, the first deposit must be a minimum of 100,000 USDC, while subsequent deposits should be a minimum of 1,000 USDC.

🔵
TBILL Vault’s app interface
TBILL Vault smart contract
onboarding process