Fractions

Fractions are ERC1155 tranche balances minted by the Ledger when you deposit. They represent pro-rata ownership of managed vault inventory and reward streams.

Where fractions appear

• Earn → Your Liquid Positions — product balances and redemption.
• Swap sell side — asset selector groups Ledger tranches as sellable inventory.
• Liquidity funding sources — tranche / liquid kinds can fund LP via the zap router.

Wrapping to ID20

Transferring tranche shares into the matching AuroveId20 mints fungible ERC20 (wrap-on-receive). Unwrap burns ERC20 and returns ERC1155. See ID20.