FAQ

Is PMF an unrestricted vault?

No. PMF primary flow is quote-gated. Creation and redemption require AP quotes while the product is operating under the primary access model.

Is NAV the same as executable price?

No. NAV per share is an accounting reference. A quote price is executable only for the exact action, size, receiver, settlement asset, and deadline in the signed quote.

Why can a quote be unavailable?

Quotes can be unavailable because of capacity limits, stale NAV inputs, incomplete market data, solver readiness, settlement conditions, jurisdictional or policy controls, or reconciliation issues.

Is CHAO a leveraged short product?

No. CHAO is a separate PMF vault holding opposite-side prediction-market exposure where available. It is not a leveraged token, perpetual short, or claim against STBL.

Does product visibility mean capacity is available?

No. A visible product can still have limited or unavailable primary flow. Capacity is product-specific and dynamic.

Are these docs an operational commitment?

No. PMF is in pilot. These docs explain product mechanics and public reference surfaces. They do not commit PMF to quote, support size, maintain continuous availability, or deliver a particular execution result.