Stock Splits

dShares are designed to account for stock splits, including reverse splits. Mechanistically, it is rebased according to the split ratios. With this in mind, here is a detailed timeline of how a split is handled on the day of execution:

NOTE: This process is applied to all dShare that represents the underlying stock

Trading for splitting dShare is immediately halted and cancelled:
- New orders are rejected
- Active orders are cancelled
- dShare token is paused
dShare token is rebased to match the split ratio
Dinari verifies balance changes have been successful across all systems
On verification, trading is resumed:
- New orders are accepted
- dShare token is unpaused