Asynchronous vaults solved a real problem. Assets that don't settle instantly, like tokenized funds with NAV cycles, couldn't fit the synchronous vault model. But a pending deposit or redeem couldn't move. Once submitted, a request sat locked in the queue until fulfillment. For long-dated private credit, where redemption can take weeks or months, that meant a frozen position. EIP-8161, co-authored by @offerijns, Co-Founder & CTO at Centrifuge Labs, is now finalized as an official Ethereum standard. Pending requests can now transfer to another address. Markets can form around redemption requests still in the queue, letting holders exit before settlement and pulling long-dated assets like private credit deeper into DeFi.