Understanding Withdrawals on Endur: A Guide for Starknet Users

Endur is a dedicated liquid staking platform for Starknet's STRK token, offering the xSTRK token, which is a liquid staking token (LST) designed to deliver a seamless and efficient user experience for traders and holders. We understand that accessing your staked assets quickly is crucial. This post explains the 2 methods Endur uses to process withdrawals, ensuring you have a clear understanding of the process.

Overview of Withdrawal Process:

When you initiate an unstake request (xSTRK to STRK), Endur's system can process it with 2 cases. These cases are designed to handle different withdrawal sizes and the availability of STRK in the system, optimizing for both speed and reliability. We’ve added GIFs so you can understand the flow!

Case 1: Leveraging Deposit contract (the best case)

TLDR: Instantly match new staking deposits to fulfill withdrawals, as it is highly efficient.

WIthdrawal Request Completion: 1-2 days OR a couple of hours.

• Your unstake request is processed (xSTRK → STRK).

• The system checks for pending withdrawals to batch process and examines the queue contract.

• When someone deposits STRK to convert to xSTRK, it is deposited into the deposit contract.

• The system verifies that there are sufficient deposits to cover your withdrawal, after which you receive your STRK back.

• Any extra STRK from the deposit contract is then staked.

Case 2: Native Unstaking (Large Withdrawals)

TLDR: For larger withdrawals, typically exceeding 100k xSTRK, or when deposit contract lack sufficient STRK balance, Endur utilizes native unstaking.

WIthdrawal Request Completion: ~21 days.

• You start an unstake request, which begins a 24-hour countdown.

• During this time, the system looks for new STRK deposits to fulfill the withdrawal.

• If there aren't enough deposits within the 24 hours, the system starts native unstaking of the needed STRK.

• Native unstaking on the Starknet mainnet takes 21 days.

• After 21 days, the STRK tokens go into your wallet.

Endur makes the standard native unstaking process easier by letting you complete it with a single click and receive STRK in your wallet (after 21 days). In native staking, this process involved two steps: unstaking and withdrawing funds.

Conclusion:

Endur is committed to providing a seamless and reliable staking experience for Starknet users. Our withdrawal process is designed to manage different situations, and we aim to provide clarity and efficiency, allowing you to stake with confidence. Click the below link to liquid stake with us!