Secondary Market Liquidity
duPRT is a standard ERC-20 token, so a secondary market on the Kodiak AMM is possible in principle. No duPRT pool exists on Kodiak today, because the duPRT float is not yet large enough to seed one, so there is currently no secondary exit. This page describes how it will work once a pool is created.
How secondary exit works
- Go to Kodiak Finance on Berachain and find the duPRT trading pair (once a pool has been created).
- Sell your duPRT for the paired stablecoin.
- Stablecoins arrive in your wallet immediately, subject to available liquidity and slippage.
Considerations
- Slippage: a Kodiak pool would likely have limited depth, particularly for large positions. Check the price impact before executing.
- Market price vs NAV: a Kodiak price would reflect supply and demand and could sit at a discount or premium to the vault’s net asset value.
- LP opportunities: once a pool exists you will be able to provide liquidity to it on Kodiak and earn trading fees. This adds AMM impermanent loss risk on top of the underlying pool risk.
For the primary redemption path through the vault, see Withdrawal Process and How to Redeem & Withdraw.