🪄Time Management: Locking

Liquidity Provider (LP) Lock Update : Avantis is transitioning away from LP lock mechanics in order to simplify liquidity provision and enable greater composability.

Liquidity Provider (LP) Lock Update

Avantis is transitioning away from LP lock mechanics in order to simplify liquidity provision and enable greater composability.

Key Changes:

• Effective immediately (from 29 September, 2:00 PM UTC):

  • New LP locks cannot be created.

  • Unlock fee has been set to 0%, allowing users to freely unlock existing deposits.

• On 29 September, 2:00 PM UTC:

  • All existing LP locks will be force-unlocked.

  • All associated USDC will be claimable by LPs.

  • XP accrued through LP locks in Season 3 will be distributed and visible on the dashboard.

Impact for LPs:

• Going forward, LPs will earn a direct APY on USDC deposits without the need for locking.

• This change marks the first step towards vault unification designed to make liquidity composable across chains.