Jackson LP Liquidity Pool
Token and Unstaking Mechanics
JacksonLP Token Overview
Representation of Liquidity Share: When you stake approved digital assets (such as SUI, USDC, WBTC, or WETH) into the JacksonLP smart contract, you are issued JacksonLP tokens. These tokens are allocated based on the pool’s net asset value (NAV) proportion at the time of staking.
Real-Time Value Reflection: The JacksonLP token serves as a standardized representation of your share in the liquidity pool, with its value reflecting, in real time, the NAV proportion you hold within the diversified asset pool. The corresponding reference price is typically displayed on the platform interface for transparency.
Unstaking Process and Mechanics
Unstaking from the JacksonLP pool involves a secure, multi-step process designed to protect both the user and the ecosystem:
Initiation of Unstaking:
You must exchange the desired amount of your JacksonLP tokens for a WJacksonLP NFT voucher through the platform’s LP management section.
Mandatory 15-Minute Cooldown Period:
Upon successfully exchanging your JacksonLP tokens for the WJacksonLP NFT, a mandatory 15-minute cooldown period is automatically initiated. This period serves several critical purposes:
Prevention of Front-Running and Sandwich Attacks: It deters exploitation of large withdrawal information that could be used to manipulate the market.
Mitigation of Oracle Price Latency and Volatility Risks: It reduces risks associated with price feed delays during the withdrawal process.
Enhancement of Market Stability: It provides a buffer against sudden large liquidity removals that could destabilize the pool.
Safeguarding of User Assets: It ensures fairness and security for all participating Liquidity Providers by mitigating potential vulnerabilities.
Execution Details: During this cooldown period, redemption of assets is blocked to enforce security measures.
Whitelist Exemption: Certain official system addresses (e.g., AMMBOT) may be exempted from this cooldown for necessary automated functions.
Redemption of Assets:
After the 15-minute cooldown period expires, you may use your WJacksonLP NFT to execute the final redemption operation. The smart contract calculates the corresponding amount of underlying assets based on the real-time market prices of the pool’s assets and the total NAV at the moment of...
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