Sell a piece back to the vault
Every KURV collection has its own vault. If you hold a piece, you can sell it back to that vault for USDC instead of finding a buyer.
Selling back is not a promise of any price. Read Risks and disclaimer first. For what testnet’s sell-back button does today, which is not this, see What’s live right now.
What you get
Section titled “What you get”Each piece carries backing: the USDC the vault holds for it. Call it B. This is the vault floor. It is not a market price, and it can change.
When you sell back, two deductions come out of B:
- a 10% haircut, which stays in the vault, and
- the collection’s royalty, which the creator set between 5% and 10%.
Both are worked out from the full B. You receive what is left.
The royalty is split 50% to the creator, 25% to KURV and 25% to the vault. No primary fee and no other marketplace fee is added. Network costs are separate.
$100 examples
Section titled “$100 examples”A piece with $100 of backing:
| Royalty | You receive | Creator | KURV | Stays in backing |
|---|---|---|---|---|
| 5% | $85.00 | $2.50 | $1.25 | $11.25 |
| 10% | $80.00 | $5.00 | $2.50 | $12.50 |
At a 10% royalty you receive 80%, not 81%. At a 5% royalty you receive 85%, not 85.5%. The haircut is not taken first with the royalty on what is left.
“Stays in backing” is the haircut plus the vault’s 25% of the royalty. It stays in that collection’s backing for the pieces still held. It is not paid out to KURV or the creator.
Real amounts are counted in USDC’s smallest units, so they can differ from these examples by a fraction of a cent.
What happens to the piece
Section titled “What happens to the piece”- The piece moves into the vault’s inventory. It is not burned. The vault can sell it again later.
- You can only sell a piece to its own collection’s vault. Pieces from other collections, or pieces that are not eligible, can’t use this route.
How to sell back
Section titled “How to sell back”- Open the collection page and sign in.
- Find the Sell back panel. It shows how many pieces you hold there.
- Choose how many pieces to sell.
- Check your minimum proceeds on screen.
- Confirm and sign.
Your minimum is protected
Section titled “Your minimum is protected”The screen shows the least you will be paid. If something changes in the vault before your sale goes through, you get at least that amount, or the sale does not happen and your pieces stay yours.
Your receipt shows what actually arrived.
Selling several pieces
Section titled “Selling several pieces”Each piece changes the vault, so a sale of several pieces is quoted one piece after another. It is not one piece’s quote times the number of pieces. The total can differ from that simple multiple.
Related
Section titled “Related”Testnet only. Nothing here is financial advice. Read Risks and disclaimer before you mint, buy or sell back. Back to kurv.fun.