Vault Schedule

One vault per month

BIMA deploys a new vault at the start of every month, each with its own deposit window, its own 12-month term, its own maturity date and its own strike levels.

Vault	Deposit window	Maturity
May2026	1 May – 7 May 2026	1 May 2027
June2026	1 June – 7 June 2026	1 June 2027
July2026	1 July – 7 July 2026	1 July 2027

Later vaults follow the same pattern. Live dates and the current open vault are published in the app.

Each vault is independent

Vaults are risk-isolated: they do not share collateral, obligations or counterparty exposure. What happens in one does not affect another.

For you, that means:

• Your term is fixed by the vault you joined.

• Your maturity date is exactly twelve months from your vault's start.

• Your strike levels belong to your vault. They are set when your window closes and reflect market conditions on that date.

Two people depositing a month apart can hold materially different protection and cap levels. That is a function of Bitcoin's option market on each pricing date, not a change in the product.

The seven-day window matters

Deposits are only accepted during the first seven days of the month. Miss it, and the next opportunity is the following month's vault with a different maturity and different strikes.

Once the window closes:

• the vault is sealed and the collar is placed,

• no further deposits are accepted,

• no withdrawals are possible until maturity and redemption.

Deposit early in the window rather than on the final day. A failed transaction or network congestion on day seven means waiting a month.

Running more than one vault

Nothing stops you depositing into several monthly vaults. Some users deposit a portion each month so that collateral matures on a rolling basis and strike levels are averaged across different market conditions, rather than committing everything at one point in the cycle.

Each deposit is a separate position with its own shares, strikes, maturity and redemption window.