> ## Documentation Index
> Fetch the complete documentation index at: https://docs.areal.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Liquidity

> How the protocol deepens RWT liquidity for stable entry and exit

export const LiquidityLive = () => <iframe src="https://0xrealist.github.io/docs-widgets/liquidity/?v=20260624a" title="RWT liquidity (live)" loading="lazy" scrolling="no" className="wfr wfr-liquidity" style={{
  colorScheme: "normal"
}} />;

**A dedicated 20% of net income continuously deepens RWT liquidity**, so holders can enter and
exit with minimal slippage.

<LiquidityLive />

## Why it matters

RWT has no on-chain redeem, so the only way out is the secondary market. Deep, stable liquidity
is therefore essential: it keeps slippage low, supports the price from below, and makes RWT a
reliable tradable asset rather than a locked position.

## How it is funded

Of the net basket income, **20% is routed to liquidity** on an ongoing basis. The concrete
mechanism (protocol-owned liquidity or otherwise) and the management of these funds live in the
off-chain layer, keeping the on-chain core minimal. As the basket earns, liquidity grows
automatically alongside Book NAV and staking rewards.

## Where it lives

Liquidity sits in on-chain pools across DEXs, such as the **Meteora RWT / USDC** pool. The widget
above lists every live pool with its size and a link.

## Liquidity and buyback

Two income streams touch the same market: the **20% liquidity** flow deepens it, while the
**30% staking rewards** in buyback mode purchase RWT from it. These partly offset each other, so
the off-chain layer's strategy accounts for both. See [Staked RWT](/how-it-works/strwt) for how
rewards are sourced.