LP Withdrawals Instant
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LPs can always receive their HYPE reserves instantly, for their full value.
If an LP wishes to claim their LST shares instantly, they must convert the LST portion of their position to Native Token for a fee. This is modeled as a 'swap' of the LPs share of LST reserves to Native Token.
The reasoning for this fee is that a portion of LP reserves may be locked in the LST Withdrawal Queue, to convert and claim this position instantly, an LP has the option to sell these shares against the pool and claim Native Token today.
The LPs share of LST reserves in the pool
The LPs share of LST reserves currently pending withdrawal in the withdrawal queue
The Native Token reserves that are claimable instantly for their full value without a fee
The LPs share of Native Token reserves in the pool
The LPs share of Native Token reserves in the lending protocol
The LPs LST reserves are converted to Native Token via the Swap Fee Module and True Peg, in the same way an LST -> Native Token swap is calculated.
The LPs entire position is converted to Native Token and claimed instantly.
Otherwise, LPs have the option to wait for their locked shares to mature for their full value, using the type. The LST reserves that pay a fee to convert to Native Token on an Instant LP Withdrawal include:
