Complete KYC and Whitelist a Wallet
1
Verify
Complete Persona KYC (individuals: ID, liveness, proof of address) or KYB (entities: incorporation documents, directors, beneficial owners above 10%, signatory authority). Sign the Eligibility Declaration.
2
Register Wallets
Send up to three wallet addresses and their chain to compliance. You receive a participant ID and a nonce.
3
Sign the Ownership Message
Sign this message from each wallet:
4
Confirmation
After screening, the wallet is added to the identity registry and you receive a confirmation. Screening re-runs on new orders and every six months. Tell compliance about any new beneficial owner, country of residence or wallet before your next trade.
Add or Change a Wallet
1
Tell Compliance
Send the new address and its chain. You can have up to three registered wallets at a time.
2
Sign the Ownership Message
Sign the message above from the new wallet, with a fresh nonce from compliance.
3
Wait for Confirmation
Only trade from the new wallet once it shows as verified. A transfer to an unregistered wallet fails on-chain.
Take Part in the Genesis Auction
1
Be Ready Before the Window
Finish KYC or KYB and whitelist your wallets. Each vault opens with its own Genesis Auction; the Genesis Vault’s rescheduled dates are announced on Updates and the official channels.
2
Commit USDC on the Curve
Each ticket pays the average price across its slice of the curve, so earlier money buys at a deeper discount. There is no fee on the curve.
3
Choose to Lock, or Not
In the Genesis Vault, locking Genesis shares for 90 or 180 days adds +1.0% or +2.5% bonus shares.
4
Settlement
If the minimum is reached ($500,000 in the Genesis Vault), shares are delivered to your wallet at settlement. If it is not, every dollar is refunded.
Verify a Deposit Address
1
Read It from Your Agreement
The address is printed in your signed agreement. Ignore any address sent by chat, DM or email.
2
Check the Signed Announcement
The same address is posted, signed by the issuer key, on the official announcement channel.
3
Call a Named Director
Use a phone number from the data room, not from a message. The director reads you the first 6 and last 4 characters.
4
Send a Test Amount
Send a small amount first (for example 10 USDC) and wait for confirmation before sending the balance.
Bid in a Batch Auction
1
Review the Lots
Check the published lot IDs, quantity, grade, receipts and reserves, and today’s NAV.
2
Place a Sealed Bid
Enter price per share and quantity (minimum $5,000). You can edit it until clearing.
3
Settle
At 12:00 UTC on the batch day, everyone filled pays the same clearing price, plus 0.25%. USDC and shares swap atomically.
Redeem at NAV
1
Request
Above the vault minimum (1,000 shares in the Genesis Vault), submit a redemption request at least 24 hours before a batch.
2
Strike
Your request strikes at that batch’s NAV, less 0.10%.
3
Paid
USDC is paid on delivery, within 12 days of the strike. In the Genesis Vault, the first redemptions strike at Batch 4.
Exit Instantly Through the Liquidity Bridge
Sell shares to the bridge at NAV − 1.0%, up to its published capacity. Check live capacity before you sell.Check NAV and Lot Data
- NAV: posted on-chain every day after the vault’s reference price publishes (ICE London Cocoa, for the Genesis Vault).
- iNAV: every minute by API and WebSocket, and every 15 minutes on-chain during reference-market hours. API keys come with onboarding.
- Lots: the public lot registry shows each lot’s ID, quantity, grade, receipt hash and status.
- Batches: the batch tape shows clearing price, discount to NAV, volume, bid-to-cover and lot IDs.
Report a Security Issue
Email cargovaults@gmail.com with the subject line “Security”. Do not post details publicly, and never test against mainnet contracts or real funds. See Audits & Bug Bounty.Become an Approved Buyer
1
Get in Touch
Email cargovaults@gmail.com with your company, the assets you buy, destination markets and typical volumes.
2
Complete KYB
Entity verification as for any participant, plus two trade references and evidence of contract-signing authority.
3
Sign the Approved Buyer Agreement
Provide import and shipping details for the destination and bank details for deposit refunds.
4
Bid for Lots
Receive the lot sheet and place offtake bids. See Partnerships.
Take Physical Delivery
Above the vault’s minimum, request delivery ex-warehouse to your nominated buyer. In the Genesis Vault, that is from 10,000 shares (10 t), to your nominated licensed exporter. You pay cost, and receive the collateral manager’s weight and quality certificates.Risk Checklist
Read before you bid.
Returns and NAV
How NAV and the discount work.