Why is the Navy price higher than the stock price?▼
The Navy price is Market Price + Accrued Dividend. If ARCC is $20.00 on the NYSE and has accrued $0.45 in dividends, the Navy price is $20.45. You are paying for the stock plus the cash already earned. On the ex date, the accrual resets and the price drops back down.
Do I need to use leverage?▼
No. Every trade defaults to 1x. Just buying and selling. Leverage is optional and hidden until you turn it on.
Where do my dividends go?▼
DRIP on: auto reinvest into more of the token. DRIP off: credited to your Available Funds as USDC.
What is the difference between Senior and Junior?▼
Senior ($nSAFE) gets priority yield (8 to 10%) and exits instantly. Junior ($nRISK) gets residual yield (30 to 60%) but takes first loss and has a 30 day lock. Senior is safer. Junior pays more.
What fees does Navy charge?▼
Trading: 0.10%. 70% of fees go to the vault (Senior/Junior yield). 20% to Insurance Fund. 10% to Treasury.