Sonya Kim(@sonyasunkim):Anyone who's tried to loop RWAs knows it's hard because of settlement delays Deleveraging a looped RWA position: N loops × T-day settlement = N×T days of unwinding 3F uses the BF mechanic which shortens redemptions from N*T days to T days Yesterday's 3F BF auction was awesome bc RWA enjoyooors got to experience just this for the @paretocredit FalconX private credit vault, which has monthly redemptions

2026.09.01 20:00

Anyone who's tried to loop RWAs knows it's hard because of settlement delays Deleveraging a looped RWA position: N loops × T-day settlement = N×T days of unwinding 3F uses the BF mechanic which shortens redemptions from N*T days to T days Yesterday's 3F BF auction was awesome bc RWA enjoyooors got to experience just this for the @paretocredit FalconX private credit vault, which has monthly redemptions