Refundability and Withdrawals

In ELYFI version 2, to enhance the stability of the protocol, users' liquidity can be added or removed based on a queue. A waiting list is implemented for liquidity supplying and redemption, matching them when conditions are met.

Refundability and Withdrawal features are only available for Senior pools. The price of Senior Tokens increases as the time to receive interest approaches. If collateral becomes delinquent or defaults, the price of Senior Tokens may decrease. The Equity pool does not have a reserve pool because it is a subordinated pool, and liquidity providers are required to participate from the start of the pool until maturity.