> For the complete documentation index, see [llms.txt](https://docs.goevolve.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.goevolve.xyz/legal-documents/segregation-and-bankruptcy-remote-structure-disclosure.md).

# Segregation & Bankruptcy-Remote Structure Disclosure

This schedule forms part of the Product Documentation. It describes Evolve’s intended segregation framework for the **eUSD Series** and how Series assets and liabilities are attributed and ring-fenced.

### Purpose and scope

* describes designated Series wallets/accounts and how Series assets/liabilities are attributed
* describes the Series Waterfall and limits of recourse
* token-specific mechanics (valuation, fees, redemption windows, eligible assets) are set out in the eUSD Token Terms

### Ring-fencing model

* eUSD is intended to operate as an independent, ring-fenced product sleeve
* no intentional cross-collateralisation with other Series
* segregation from Evolve operating assets

### Series wallets/accounts architecture

Evolve designates one or more Series wallets/accounts for eUSD, typically:

* deposit address(es)
* collateral/holding wallet(s)
* execution/deployment wallet(s) (if applicable)
* redemption/payout wallet(s)

Tokenholders must route funds only to designated Series wallets/accounts.

### Attribution of Series assets and liabilities

* Series Assets include subscriptions, deployed positions, proceeds, recoveries, and Series-attributable rights/receivables (and incentives if specified)
* Series Liabilities include redemption obligations, Series costs/expenses, Series fees, and other liabilities expressly allocated under Product Documentation

### Technical execution exceptions

In limited cases, technical routing/batching may require transient movements that do not reflect economic commingling; Evolve maintains traceable books and restores allocations promptly.