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.

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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

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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