New Stake (Native Token -> LST)

The AMM gives the same rate for new stake as 'minting' from the LST Protocol contracts directly. Routing 'new stake' to STEX AMM Pools is recommended over 'minting' through LST Protocol contracts, for the following:

1. lower gas cost than 'minting'

2. lower the pools fees for processing 'instant withdrawals'

Lowering the swap fees for Instant Withdrawals by routing New Stake to STEX AMM can result in significantly better execution for users and protocols who may be swapping large amounts of LST.

If the pool has liquid LST reserves, anyone can swap into the LST for the true rate.

The logical flow is simple with low gas overhead, and recommended for DEX aggregators and integrating protocols.

stHYPE AMM Native Integration

In the case of stHYPE AMM, stHYPE's protocol contracts route new stake into the stHYPE AMM pool before settling queued stHYPE withdrawal or validator deposits.

LPs in stHYPE AMM have their stHYPE reserves converted back to HYPE faster than any other user. Giving LPs priority withdrawals from stHYPE -> HYPE.

This native integration greatly boosts stHYPE AMMs effeciency:

• stHYPE is sold to the pool for a fee

• stHYPE is converted back to HYPE as quickly as possible

• The pool is fully denominated in HYPE that can keep earning trading and lending yield.

stHYPE AMM only needs to trigger delayed withdrawals when there is a lack of net new stake and an excess of instant withdrawals across the entire stHYPE protocol. Reducing the times where LPs are entered into illiquid positions.