# System Overview Rayze funds are onchain entities deployed on Base. Each fund is a set of coordinated components that handle custody, governance, accounting, execution, and onboarding - all enforced by smart contracts. This section explains what a fund is made of, how capital moves through it, and how external trading venues connect. **Wallet & Onboarding** - Your wallet is generated by Privy. Fund it with USDC and request membership in any fund on the platform. **Limbo Vault** - When you request to join a fund, your deposit is held in a staging vault for up to 96 hours while the fund reviews your request. If denied, your funds are returned automatically. **Fund Treasury** - Approved deposits move to the fund's treasury - a Safe multisig controlled by the fund's Admins. Your USDC converts to SHARES representing your ownership percentage. **Membership** - Accepted members receive a non-transferable membership NFT and gain access to the fund's transaction history, analytics, chat, and member directory. **Execution & Integrations** - Trades execute from the fund treasury through dedicated subwallets that connect to external protocols like Hyperliquid and Polymarket. You retain full ownership of your capital at every stage - from the moment you request to join through to exiting the fund. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.rayze.io/architecture/system-overview.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.