SAIL.r Discounted Route

The SAIL.r Discounted Route gives eligible Amy users access to a limited provider-defined SAIL.r allocation at an agreed discount to the provider's reference price. Users enter with USDe. After the transaction is validated, Amy records the corresponding discounted SAIL.r allocation. The position remains locked for six months, after which the recorded allocation becomes eligible for delivery.

This is a provider-defined route made available through Amy. Liquid Royalty is the underlying route and SAIL.r inventory provider.

1. What the SAIL.r Discounted Route is

The SAIL.r Discounted Route lets eligible Amy users enter with USDe. After a valid entry is confirmed, Amy records the corresponding SAIL.r allocation using an 18% discount to the applicable provider reference price. Your recorded allocation is locked for six months. During the lock, weekly USDe distributions may be made under the route terms. At maturity, the recorded SAIL.r allocation becomes eligible for delivery to your confirmed wallet, subject to the required processing and multisig approval.

You enter with USDe. The normal maturity settlement is delivery of the recorded SAIL.r allocation, rather than an automatic return of USDe.

SAIL.r works differently from the jnrUSD Pooled Route. SAIL.r uses a fixed six-month lock, does not allow early exit under the normal route terms, and delivers SAIL.r rather than settling back into USDe.

Simple rule

You enter with USDe, receive a recorded discounted SAIL.r allocation, remain locked for six months, and become eligible for SAIL.r delivery at maturity.

2. Who provides the route

The route uses separated provider, interface and multisig-approval roles.

Liquid Royalty is the underlying route and SAIL.r inventory provider. Liquid Royalty:

• provides the underlying SAIL. r inventory
• acts as the route provider
• contributes to route pricing and capacity
• participates in custody oversight
• approves inventory and settlement movements
• determines or contributes to the underlying USDe distribution mechanics and route terms

Amy provides the consumer interface and supporting workflow. Amy:

• displays account and route eligibility
• provides route information and guidance
• generates and validates entry instructions
• maintains user-level position records
• displays distribution and maturity information
• prepares routine operational transaction requests
• coordinates route reporting and support

The third signer supports shared custody control and continuity. The third signer does not operate the interface, product or daily user workflow.

No single signer can move route assets alone.

3. Eligibility and availability

The route may require:

• an active Amy account
• a connected wallet
• a verified email
• Bronze level or higher
• a current Amy Score
• a score meeting the current SAIL. r threshold
• supported country or provider availability
• available SAIL. r inventory
• any additional route requirements

Meeting the Amy Score threshold may make the route available for review or entry. It does not guarantee provider approval, inventory availability or financial outcome.

The live Score and route pages are the source of truth for the current threshold, route status, account eligibility, available inventory and active positions.

Simple rule

Your Amy Score can make the route available, but provider terms, inventory and other route requirements still apply.

4. How entry works

The normal entry flow works as follows:

1. You open the route from the Score page or route directory.
2. Amy checks your current account and route eligibility.
3. You review the provider, discount, lock period, reward information, delivery method and risks.
4. You choose an amount of USDe to use for the route.
5. A time-limited quote is generated using the applicable provider reference price.
6. You confirm the transaction from your wallet.
7. Your USDe is sent directly to the designated User Deposit Safe.
8. After the entry transaction and quote are validated, Amy records the confirmed SAIL.r allocation, distribution-start date and maturity date.
9. The position appears in Your active routes.

Current quote rules:

• quotes are valid for 120 seconds
• a 30-second grace window may apply after expiry
• a transaction submitted within the quote period is still subject to onchain confirmation and validation
• transactions outside the valid period may require review or a new quote
• only the correct asset and destination are accepted
• invalid, late or mismatched transactions do not automatically create a confirmed position

Simple rule

Review the quote, lock period and delivery terms before confirming.

5. Discounted allocation

The route offers a recorded SAIL.r allocation at an 18% discount to the applicable provider reference price.

Formula:

• Discounted route price = provider reference price × 82%
• Recorded allocation = confirmed USDe entry amount ÷ discounted route price

This example is illustrative only. The actual allocation depends on the applicable provider reference price, quote timing, the confirmed USDe amount, route capacity, transaction validation and any stated route adjustments.

The discount is measured against the provider reference price at entry. The provider reference price may be calculated differently from prices displayed on external markets and should not be treated as an independent market valuation. The discount does not guarantee:

• future value
• profit
• market liquidity
• that SAIL. r will be worth more at maturity
• that the provider reference price matches a price available on another market

The confirmed live quote is the source of truth for the price and allocation applied to an entry.

Simple rule

The discount affects your recorded entry allocation. It does not guarantee the future value of SAIL.r.

6. Fixed six-month lock

Each confirmed position has a maturity date calculated under the route terms, normally six months from the confirmed entry date.

During the lock:

• the USDe used to enter is not normally available for withdrawal
• you cannot normally receive the allocated SAIL. r early
• your position remains recorded in Amy
• weekly USDe distributions may be processed under the route terms
• route, protocol, custody and market risks continue to apply

At maturity:

• the recorded allocation becomes eligible for maturity delivery
• operational processing and multisig approval may still be required
• delivery may not occur at the exact second the lock expires

The maturity date shown in the live position record is the date that applies to that position.

Simple rule

SAIL.r is locked for six months. Early exit is not normally available.

7. Position tracking

Each confirmed position records:

• confirmed USDe entry amount
• provider reference price
• discount applied
• discounted allocation price
• recorded SAIL. r quantity
• confirmation date
• distribution-start date
• maturity date
• USDe distribution history, where applicable
• position status
• delivery status
• relevant transaction references

If you have multiple entries, each is tracked as a separate position with its own lock and maturity date.

8. Weekly USDe distributions

Under the current route terms, eligible positions may receive periodic USDe distributions, currently intended to be processed weekly.

Important points:

• any available distribution is allocated using the route's position and eligibility records
• amounts may depend on allocation size and recognised active time
• the recognised distribution period begins from 00:00 UTC on the day after the position is confirmed
• timing may vary because of processing, Safe approvals or provider operations
• distributions depend on the provider supplying the relevant USDe and on the route's calculation, reconciliation and approval process
• amounts are not guaranteed
• a distribution may be lower than expected, delayed, paused or not made
• past distributions do not guarantee future distributions
• weekly USDe distributions are separate from the eventual SAIL.r delivery

Simple rule

Weekly USDe distributions may be made during the lock, but amounts and timing are not guaranteed.

9. Distribution timing and UTC cutoff

A confirmed position normally begins its recognised distribution period from 00:00 UTC on the day after confirmation.

10. Maturity delivery

At maturity:

• your recorded SAIL. r allocation becomes eligible for delivery
• delivery is made to your confirmed wallet
• the delivery requires the route's multisig approval process
• you receive SAIL. r, not USDe
• there is no automatic sale or conversion
• delivery timing may depend on operational processing, Safe approval and network conditions

After delivery:

• once delivery is complete, the SAIL. r is held in your wallet. Any later holding, transfer, sale or use is your decision and responsibility.
• Amy does not guarantee a market, buyer, price or liquidity
• the market value of the delivered SAIL. r may be higher or lower than the USDe amount used to enter

Delivery of the recorded quantity does not guarantee that the delivered asset can be sold or redeemed at a particular price.

Simple rule

At maturity, the route delivers SAIL.r to your wallet. It does not automatically return USDe.

11. Custody and the two-Safe structure

The route uses two separate Safe multisig wallets, both using a 2-of-3 approval threshold for outgoing asset movements.

User Deposit Safe

• receives supported USDe from users upon entry
• may hold USDe pending validation and scheduled settlement to the provider

SAIL.r Inventory & Rewards Safe

• holds SAIL. r inventory associated with the route
• receives route-level USDe reward inflows where applicable
• supports weekly user distributions
• delivers allocated SAIL. r at maturity

Both Safes use the same 2-of-3 signer structure. The signers are Amy, Liquid Royalty and an independent ecosystem signer. No single signer can move assets alone.

Signer wallets approve transactions. Safe wallets hold route assets. The Amy frontend does not hold route assets. Multisig reduces unilateral control but does not eliminate signer, key, governance or operational risk. The 2-of-3 structure is an operational control, not a guarantee that assets will always remain available or recoverable.

Simple rule

Route assets use shared multisig control. No single signer can move them alone.

12. Inventory and allocation

The route uses provider-defined SAIL.r inventory. Inventory is limited.

Key rules:

• unallocated inventory remains associated with the provider
• additional inventory is not automatic
• the route may pause new entries when available inventory is used
• meeting the Score threshold does not guarantee inventory

The route is intended to maintain designated SAIL.r inventory corresponding to confirmed user allocations. This arrangement does not guarantee value, liquidity, delivery timing or recovery.

The live app is the source of truth for current availability.

13. Provider settlement

Confirmed user entries may be grouped for periodic settlement between the route Safes and Liquid Royalty. These operational movements require the relevant multisig approvals.

Once a user position has been properly confirmed, provider settlement should not normally change its recorded allocation or maturity date. Corrections may still be required where an entry was invalid, mismatched or recorded incorrectly.

This is an operational process between the route parties and does not require a separate action from the user.

14. What happens if you fall below Bronze

If you already have a confirmed SAIL.r position and later fall below Bronze level:

• your existing position remains visible
• the existing position continues under the route terms, including any applicable USDe distribution treatment
• your maturity date remains in place
• falling below Bronze does not by itself cancel the recorded maturity allocation
• you cannot normally open a new position in a Score-gated route until Bronze is restored
• other Bronze-dependent Amy features may pause separately

Simple rule

Falling below Bronze can block new entries, but it does not cancel an existing locked position.

15. Active route display

In Your active routes, you may see the following information for each position:

• route name
• provider
• confirmed USDe entry amount
• provider reference price
• discount
• recorded SAIL. r allocation
• confirmation date
• distribution-start date
• maturity date
• USDe distribution history, where applicable
• current position status
• delivery status
• transaction references

Your position may display a status showing whether it is awaiting confirmation, active, locked, approaching maturity, being processed, delivered or needs review.

16. Amy's role

Amy provides the consumer interface and supporting operational workflow. Amy may:

• display eligibility
• provide route information
• generate and validate entry instructions
• maintain user-level position records
• show distribution history
• show maturity information
• prepare operational transaction requests
• coordinate support and reporting
• provide education and guidance

Liquid Royalty is the underlying route and inventory provider. The provider and underlying route arrangements determine or influence:

• SAIL. r inventory
• reference pricing
• inventory availability
• USDe distribution mechanics
• custody arrangements
• provider settlement
• maturity-delivery arrangements
• route availability
• underlying product risks
• underlying terms

Amy does not guarantee:

• provider approval
• continuing availability
• future SAIL. r value
• weekly USDe distributions
• liquidity
• delivery at an exact time
• the ability to sell SAIL. r after maturity
• accuracy or continued availability of the provider reference price
• uninterrupted operation of the route
• recovery from protocol, custody, market or provider failure

17. Key risks

• SAIL. r value risk. SAIL.r may rise or fall in value during the six-month lock. The delivered SAIL.r may be worth less than the USDe used to enter.
• Lock risk. Early exit is not normally available. Market conditions may change while you remain locked.
• Liquidity risk. There may be limited or no market for SAIL.r after delivery. Amy does not guarantee a buyer, market or exit price.
• Distribution risk. Weekly USDe distributions are not guaranteed. They depend on the underlying route mechanics, provider funding, calculation, reconciliation and multisig processing. Amounts or timing may change, be delayed, pause or stop.
• Provider and counterparty risk. Users depend on Liquid Royalty and the route's operational structure. Interruption, dispute or failure may affect distributions, processing or delivery.
• Custody and multisig risk. Multisig reduces unilateral control but does not eliminate signer, key, governance, operational or recovery risk.
• Inventory and allocation risk. Recording and delivering allocations depends on the route's available inventory, custody arrangements and operational records. Errors, shortages or disputes may require correction.
• Delivery risk. Maturity delivery depends on inventory, custody, multisig approval, provider performance and operational processing. Delivery may be delayed or affected by route failure, dispute or asset unavailability.
• Stablecoin risk. USDe may lose value, face liquidity problems or become unavailable.
• Smart-contract and protocol risk. SAIL.r, Safe, protocol, strategy, oracle or related contract failures may affect the route.
• Pricing risk. The provider reference price may be calculated differently from prices shown on external markets and may not represent an immediately realisable market value. The 18% discount does not guarantee favourable economic value, profit or an available resale market.
• Technology and network risk. Wallet, transaction, frontend, API, indexer, Safe or Berachain issues may interrupt the workflow.
• Regulatory and availability risk. The route may be changed, paused or restricted because of provider, country or legal requirements.
• Tax risk. You are responsible for your own tax position.
• Compensation and protection. This route is not presented as a bank deposit or savings account and should not be assumed to benefit from deposit-protection or compensation arrangements.

18. No normal early-exit route

The normal route terms do not provide an early-exit mechanism. Amy should not be assumed to be able to repurchase the position, return the USDe used to enter, find a replacement user or arrange an early transfer.

Any exceptional handling would be considered separately and should not be relied upon when entering.

Simple rule

Enter only if you can remain locked until the stated maturity date.

19. Corrections, delays and exceptional handling

Amy or the provider may need to:

• review late transactions
• reject unsupported assets
• correct allocation or USDe distribution records
• pause new entries
• delay distributions
• delay maturity processing
• reconcile onchain balances
• request additional information
• handle failed or mismatched transactions
• modify or pause operational steps where reasonably necessary to manage errors, security issues or route risks

Corrections will normally be assessed using available onchain records, confirmed route data, Safe transactions, provider records and the applicable route terms. Not every error can be reversed.

20. Route transparency

Once the route is live, Amy may publish the designated User Deposit Safe and SAIL.r Inventory & Rewards Safe addresses for verification. Users should rely only on addresses shown in the live Amy app and should not send assets directly unless instructed through the supported route workflow.

Safe addresses identify route wallets, but publishing an address does not itself verify solvency, full allocation, liquidity or recoverability.

21. Worked examples

22. Where to find current information

The live Score and route pages are the source of truth for:

• current Amy Score threshold
• account eligibility
• route availability
• provider
• current advertised discount, where available
• provider reference price
• inventory availability
• quote details
• confirmed allocation
• lock and maturity dates
• USDe distribution status
• current distribution terms
• current maturity calculation method
• any pause, restriction or exceptional route notice
• current route terms
• current risk information
• designated Safe addresses, where published

The documentation explains the structure. The live app and route terms show what currently applies.

Simple rule

Understand the lock, delivery method and risks before entering. Use the live app for current eligibility, pricing, inventory availability and position status.