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For the complete documentation index, see llms.txt. This page is also available as Markdown.

Partial and Flexible Withdrawals

The ELPP system offers flexibility in how you execute your withdrawals once they reach their unlock epoch:

Multiple Withdrawals per Epoch

  • You can split your withdrawal into multiple smaller transactions within your unlock epoch

  • Each withdrawal reduces your remaining available amount for that epoch

  • This gives you the flexibility to withdraw portions of your funds as needed

Example:

  • You request to withdraw 1,000 ELPP tokens.

  • During your unlock epoch, you may:

    • Withdraw all 1,000 tokens at once, or

    • Withdraw 400 tokens initially, leaving 600 tokens,

    • Later withdraw another 300 tokens, leaving 300 tokens,

    • Finally, withdraw the remaining 300 tokens, or leave them in the pool.

Withdrawal Request Cancellation

  • You can cancel an entire withdrawal request if you no longer wish to withdraw

  • Alternatively, you can reduce the amount in your request if you wish to withdraw less than initially planned

Benefits of Cancellation

  • Immediately unlocks the canceled tokens for transfers

  • Allows you to adjust your liquidity strategy based on changing market conditions

  • Provides flexibility if you no longer need to withdraw as much as originally requested

Important Considerations

Fixed Withdrawal Windows

  • Withdrawals must be executed within the designated epoch.

  • Missing this window causes the request to expire.

Dynamic Timelock

  • Future withdrawal requests will reflect changes in the PNL ratio, but once a request is created, its assigned timelock remains fixed

Role of the Global Epoch

  • A global epoch (7 days) sets a stable baseline (collateralization level) for the pool.

  • Profit distribution occurs only if the pool's value meets or exceeds this baseline.

  • If the baseline isn't reached, profits are not distributed, and losses roll over.

Example Scenario

Current Situation:

  • Today is July 10, 2023, and the current normal epoch is 63

  • The system's PNL ratio is 5% (moderate profit), resulting in a timelock of 2 epochs

Withdrawal Request:

  • You request to withdraw 1,000 ELPP tokens

  • Unlock Epoch = 63 + 2 = 65

  • Your funds will become available during epoch 65 (e.g., July 16–18, 2023)

Processing Window:

  • You must process the withdrawal during epoch 65

  • If you miss this window, the request expires and a new request must be submitted

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