> For the complete documentation index, see [llms.txt](https://betoken.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://betoken.gitbook.io/docs/betoken-investment-cycle.md).

# Betoken investment cycle

### Intermission

* Deposit & Withdraw: users can deposit and withdraw their funds.
* Redeem Commission: fund managers holding [Kairo tokens](/docs/manage-the-fund/what-is-kairo.md) can redeem their commission.

The length of the intermission phase is 3 days.

### Management

Managers stake [Kairo](/docs/manage-the-fund/what-is-kairo.md) to make investments for the fund.

The length of the management phase is 27 days.

{% hint style="info" %}
A full Betoken investment cycle is totaling 30 days.
{% endhint %}