> For the complete documentation index, see [llms.txt](https://docs.solv.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.solv.finance/key-products/btc+/minting-and-redemption.md). # Minting & Redemption BTC+ / BTC PLUS offers a simple process to join and exit, secured by the Solv Vault Guardian. * Subscription (Deposit and Mint) * Deposit your BTC into BTC+ via the Solv platform. The Solv Vault Guardian mints a BTC+ receipt token to your wallet, tracking your share and yields. * Redemption (Burn and Withdraw) * Submit a redemption request to burn your receipt token. The Fund Manager processes your withdrawal based on the schedule, returning your BTC. ## Redemption Schedule ### Standard Redemption Schedule: EVM Chains | **Request submitted** | **Processing date** | | --------------------- | ----------------------------- | | 1st – 9th | 20th of the current month | | 10th – 19th | Last day of the current month | | 20th – end of month | 10th of the following month | Note: * If a date falls on a weekend, processing moves to the next business day. * Any redemption (standard or instant) forfeits all accumulated Reward Power and makes you ineligible for any APY Boost from any ongoing campaigns. Plan your exit carefully ### Standard Redemption Schedule: Non-EVM Chains | **Amount to redeem** | **Processing time** | | -------------------- | ------------------- | | 0 – 1 BTC+ | Within 7 days | | ≥ 1 BTC+ | Within 14 days | ### Instant Redemption (New - Available on BNB Chain) Get your funds in seconds when you need liquidity immediately. | **Feature** | **Details** | | --------------------- | ------------------------------------- | | Chains | BNB Chain (more chains coming soon) | | Daily total limit | 0.5 BTC across all users | | Per-transaction limit | 0.1 BTC | | Fee | 0.25% (deducted from redeemed amount) | | Processing time | Instant | ## Fees | **Fee Type** | **Standard Redemption (EVM & non-EVM)** | **Instant Redemption (BNB Chain)** | | --------------- | --------------------------------------- | --------------------------------------- | | Management Fee | 0% | 0% | | Performance Fee | 0% (waived) | 0% (waived) | | Deposit Fee | 0%–0.3% (varies by wrapped BTC & chain) | 0%–0.3% (varies by wrapped BTC & chain) | | Redemption Fee | 0% | 0.25% | Choose wisely: * Standard Redemption → Free * Instant Redemption → Instant liquidity with 0.25% fee ### Frequently Asked Questions (FAQ) | **Question** | **Answer** | | ------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------ | | **Standard Redemption** | | | When should I submit my redemption request to get processed on a specific date? | Submit before the cutoff of each window (e.g., before the 10th for the 20th processing). Exact cut-off time is 23:59 UTC. | | Can I cancel or modify a standard redemption request after submission? | Yes – you can cancel any time before the scheduled processing date. | | Will I receive exactly the same amount of SolvBTC I originally deposited? | You receive the current NAV value of your BTC+ share (which includes all compounded yields minus any fees). | | I**nstant Redemption** | | | Can one wallet make multiple 0.5 BTC instant redemptions in a day? | Yes — as long as the combined daily total across all users hasn’t reached 10 BTC. | | How is the 10 BTC daily limit enforced? | First-come, first-served based on successful on-chain confirmation (UTC day). Once the cap is hit, further transactions fail with a clear error. | | What happens if the daily limit is reached while my transaction is pending? | The transaction will revert with an error. You can retry the next day or use standard redemption. | | Is the 0.25% fee deducted from the BTC+ amount or the received SolvBTC? | Deducted from the redeemed amount — you receive 99.75% of your requested amount in SolvBTC. | | Will instant redemption be added to other chains? | No plans at the moment — instant redemption is exclusive to BNB Chain. | | **Fees & General** | | | Why is there a deposit fee of 0%–0.3%? | It covers the cost of converting various wrapped BTC types back to native BTC to maintain the reserve. | | Are there any hidden fees? | No. All fees are shown above. | | What happens if I deposit and instantly redeem the same day? | You pay the 0.25% instant redemption fee. | --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. 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