Exit

Exit lets you sell ammunition tokens back to the protocol for USDC. It's the backstop for cashing out — for most positions, Swap on a DEX is faster. Use Exit when:

• The DEX has shallow liquidity or its price has drifted from the oracle.
• Your position is larger than the pool can absorb without significant slippage.
• You're outside the U.S. or in a restricted state and can't redeem for physical delivery.

What You Get

Your payout is 95% of the current oracle price of the caliber you're exiting, paid in USDC. The 5% spread funds the buyback partner that fronts your USDC — see below.

The UI shows the exact USDC payout before you confirm.

How It Works

Exit is a two-step flow like mint and redeem:

1. Submit request — Navigate to Exchange → Exit, enter the number of rounds, and confirm. Your tokens are locked in the contract; the payout amount is fixed at the oracle price at the time of submission.
2. Partner funds payout — A buyback partner sends USDC to the contract; the contract releases the USDC to you and burns your tokens.

Payouts typically settle within a few days. The protocol allows up to 90 days for partner funding in stressed conditions.

The Buyback Partner

The protocol does not hold a floating USDC reserve to absorb instant exits. Instead, a retail buyback partner stands ready to purchase tokens back from users at the 5% spread, then resells the underlying ammunition through their own retail channels.

The spread covers:

• Working capital — the partner fronts USDC before they resell inventory.
• Logistics — receiving, listing, and reselling physical rounds.
• Order matching — sourcing buyers for redeemed ammunition.

This keeps the protocol fully backed without forcing it to hold idle stablecoin reserves, and gives users a fast cash-out option that doesn't depend on physical shipment.

Self-Rescue

Each exit request has an on-chain deadline. If the buyback partner doesn't fund the payout in time, you can cancel the exit and recover your tokens — the same self-rescue mechanism that protects mint and redeem.

Exit vs. Redeem