LogoLogo
  • Electra
    • About Electra
  • Electra Terminal Guide
    • 1.1 Connecting your EVM wallet
    • 1.2 BNB/ETH Gas Fees
    • 1.3 Deposits and Withdrawals
    • 1.4 1-Click Trading
    • 1.5 Notifications
    • 1.6 Electra Security & Audit Report
    • 1.7 Airdrop Checker FAQ
  • Electra Trading School
    • 2.1 What Are Perpetual Futures?
    • 2.2 Competitive Advantages of Electra for Perpetual Futures Trading
    • 2.3 Trading Fees on Electra
    • 2.4 Overview of Primary Order Types on Electra
    • 2.5 Futures Liquidation Protocols on Electra: Formula and Process
    • 2.6 How to Reduce the Risk of Liquidation on Electra
    • 2.7 Automatic Negative Balance Reset on Electra
    • 2.8 How to Adjust Leverage on Electra
    • 2.9 What Is Slippage?
    • 2.10 How to Use the Order History Feature on Electra
    • 2.11 Order Errors on Electra: Causes and Solutions
    • 2.12 Referral Program
  • Electra Tournaments
    • SQUAD Games Season 2
      • General Rules
      • How to Participate
      • Squad Formation
      • Squad Referral Links
      • Tournament Prizes
      • FAQs
    • SQUAD Games Season 1
      • Tournament Prizes
      • Tournament Schedule
    • PnL Challenge
  • 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
    • FAQ
Powered by GitBook
On this page
  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

PreviousTimelock CalculationNextPartial and Flexible Withdrawals

Last updated 2 months ago