# FAQ

### **General:**

Q: What is the legal structure? Am I safe? Is it bankruptcy remote?

A: The '[Fund Structure](/learn/fund-structure.md)' is setup via a trusted, legal, and compliant firm to protect US and International users. The structure has bankruptcy remoteness through separate asset share classes and the brokerage firm is a qualified custodian, meaning assets invested by the user are in segregated accounts and not comingled like bank deposits and exchanges. &#x20;

Q: What is required to onboard onto Fortunafi's Tokenized Asset Protocol app?

A: Onboarding requires KYC/B approval through one of our partners, and completion of the subscription documents. KYC/B onboarding info can be found in the onboarding section above.

Q: How do I mint (invest) and redeem out of positions? How long does it take for the process to complete?

A: The ability to invest and redeem is a fairly quick process as described in the '[How the App Works](/onboarding-processes/how-the-app-works.md)' page. Both investing into positions and redeeming out of positions may take up to 2 days to complete.

Q: Where will our daily NAV reports be published?

A: The daily NAV reports will be published by our fund administrated and shared via our app.

### **Treasury Bills:**

Q: What is the difference between fBILL and ifBILL and how does this concept extend across assets?

A: fBILL is a fund dedicated for users inside the USA and ifBILL is a fund dedicated for international users. The underlying composition of the funds is the same, but users may only transfer their assets among whitelisted users of their own fund.&#x20;

Q: What are the underlying assets?

A: Underlying investments may include (i) direct purchases of U.S. Treasury Bills that have a remaining maturity under 12 months, or (ii) investments in ETFs that invest in short-term U.S. Treasury Bills, including BIL, SGOV, and SHV.&#x20;

Q: What is the liquidity associated with the underlying assets?

A: The underlying assets are highly liquid and publicly traded. Redemptions are processed once daily for any size.&#x20;

Q: What are the fees?\
A: Fees will be set at .4% with subjectivity to change

Q: Where can I get leverage on my assets?

A: On Canto you can use your fBILL or ifBILL in the Canto Lending Market as collateral to borrow NOTE. <br>

Q: How do liquidations work?

A: Once you have used your fBILL or ifBILL as collateral for leverage and the underlying asset (U.S. treasury bill) rate moves against your position, your assets will move to a liquidation module and Fortunafi's dedicated liquidation address. Thus we buy the asset at a small discount and issue USDC back into the contract to repay the note debt issued from the protocol.


---

# Agent Instructions: 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:

```
GET https://docs.fortunafi.com/learn/faq.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
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.
