Docs

How a lock works

1. 01

   Principal

   At claim you can take at least what you locked. If trading book is below principal at freeze, the payout still credits principal. Furtim then sends that shortfall as hub USDC from the platform reserve wallet into the treasury, then you claim as usual.

2. 02

   Fees

   Fees come from profit only, and only after you keep the first 2% of principal. Furtim then takes 20% of the excess plus 0.80% annualized management, capped at 25% of profit. A losing lock pays no fee. Circle CCTP is not a USDC product fee.

3. 03

   Deposit

   Send USDC from any supported network. Circle delivers it to one Furtim treasury. You only approve in your wallet.

4. 04

   Claim

   When the term ends, the payout freezes. You pick the destination chain. Nothing is sent automatically.

5. 05

   Reserve Additions

   A Reserve Addition is a separate 90-day user product. Its capacity is the fee-pool seed plus management and performance fees from matured term locks, minus promised and paid reserve returns. Its fixed total return is captured when capacity is reserved. It is not Furtim's platform reserve wallet, and it has no early exit.