A nuAsset token is the token you receive when you deposit into a NUVA vault (e.g., nuYLDS, nuHELOC) and represents your proportional ownership in that vault.

As the vault’s underlying assets generate returns, the value of those earnings is reinvested into the vault, increasing the value of the existing nuAsset tokens for all holders.

When you deposit, the vault mints nuAsset tokens directly to your wallet. When you redeem, your nuAsset tokens are burned, and you receive the corresponding proceeds. The vault’s total underlying assets adjust dynamically with deposits and redemptions, you’re not buying from a fixed inventory.