Today, we will discuss the recent changes in withdrawal times, the instant withdrawal feature, TVL fluctuations, and community communication matters, adhering to the principle of transparency and openness.

The reason for the extension of the withdrawal time for STONE to ETH:

EigenLayer has recently activated a penalty mechanism, which has resulted in their unbonding time increasing from the original 7 days to 14 days. Combined with Lido's processing procedures, the entire withdrawal process from our side now takes about 20 days. This time is indeed quite long, and we are well aware that this is not an ideal situation.

What measures have we taken in response to this situation?

We have been actively replenishing the buffer pool funds to ensure that users can still use the instant withdrawal feature to directly redeem ETH, thereby skipping the batch waiting period. So far, this mechanism has successfully processed hundreds of millions of dollars in redemption requests.

All these transactions can be verified on the chain, ensuring the transparency and credibility of the operations.