> For the complete documentation index, see [llms.txt](https://docs.rfy.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.rfy.finance/resources/faq.md).

# FAQ

<details>

<summary>What is Blackbox?</summary>

Blackbox is RFY's higher-conviction vault tier. It uses USDT and combines options premium capture with selective momentum exposure under controlled position sizing.

</details>

<details>

<summary>Who runs the strategies?</summary>

A vetted strategist directly operates the defined offchain strategy.

</details>

<details>

<summary>What do I receive after depositing?</summary>

The vault issues an ERC-4626 receipt share representing your proportional ownership at the current NAV.

</details>

<details>

<summary>Can I exit mid-epoch?</summary>

It depends on the vault. A receipt-token market may provide secondary liquidity, but rolling vaults can queue withdrawals until the applicable redemption window or settlement. Check the vault page before depositing.

</details>

<details>

<summary>Will receipt shares always be worth one unit of the deposit asset?</summary>

No. Shares may initially be issued around a one-to-one ratio, but their NAV changes as assets per share reflect realized profits, losses, yield, and fees.

</details>

<details>

<summary>What if a strategy loses money?</summary>

Net losses reduce `totalAssets()` and receipt NAV proportionally. Blackbox can carry directional exposure and may experience material drawdowns.

</details>

<details>

<summary>Where is collateral held?</summary>

Vault accounting and custody are maintained onchain. Depending on the strategy, eligible idle collateral may be deployed into curated onchain opportunities, including protocols such as Pendle or Aave, and capital may be used for direct offchain strategy execution and settlement.

</details>

<details>

<summary>How do RFY Points work?</summary>

Eligible deposits accrue points according to the multiplier and campaign terms shown on the vault page. See the Points Program.

</details>

<details>

<summary>What are vault caps?</summary>

A vault cap limits total deposits. The current cap is shown on the vault page before deposit.

</details>

<details>

<summary>What assets can I deposit?</summary>

Blackbox currently uses USDT. Supported assets for other vaults are shown in the RFY app.

</details>

<details>

<summary>Are receipt shares cross-chain?</summary>

Receipt shares are issued on the network displayed for the selected vault. They are not automatically transferable across networks.

</details>


---

# 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. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.rfy.finance/resources/faq.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.