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  • Electra Terminal Guide
    • 1.1 Connecting your EVM wallet
    • 1.2 BNB/ETH Gas Fees
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    • 2.1 What Are Perpetual Futures?
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    • 2.5 Futures Liquidation Protocols on Electra: Formula and Process
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    • 2.7 Automatic Negative Balance Reset on Electra
    • 2.8 How to Adjust Leverage on Electra
    • 2.9 What Is Slippage?
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  • Electra Liquidity Provider Pool
    • Introduction to ELPP
    • How ELPP Works
    • ELPP Tokens
    • Withdrawal System
      • Understanding Epochs
      • Timelock Calculation
      • Token Transfer Restrictions
      • Partial and Flexible Withdrawals
    • Collateralization
    • APY Calculation
    • Risks and Considerations
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  1. Electra Liquidity Provider Pool
  2. Withdrawal System

Token Transfer Restrictions

Token Transfer Restrictions

To maintain the integrity of the withdrawal system, ELPP implements certain restrictions on token transfers:

Withdrawal Request Locks:

  • Once you create a withdrawal request, the requested ELPP tokens become "locked" for withdrawal purposes

  • Locked tokens cannot be transferred to other wallets or addresses until the withdrawal request is either executed or canceled

  • This prevents potential manipulation of the withdrawal system through transfers between accounts

Balance Verification:

  • The system continuously verifies that your ELPP token balance is sufficient to cover all your pending withdrawal requests

  • Any attempt to transfer tokens that would reduce your balance below the total amount in pending withdrawal requests will be rejected

  • The smart contract automatically enforces this restriction to protect the pool's stability

Example Scenario:

  • If you have 1,000 ELPP tokens and create a withdrawal request for 600 tokens, you can only transfer a maximum of 400 tokens to other addresses until you either:

    • Execute the withdrawal when it becomes available

    • Cancel the withdrawal request

    • Reduce the amount in your withdrawal request

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Last updated 1 month ago