Withdraw fees
Withdrawals on Ledgity vaults are designed to remain flexible while ensuring stable portfolio management. A small withdrawal fee of 0.3% applies to standard withdrawals. This fee is necessary to ensure that withdrawals do not disrupt yield performance or liquidity allocation across the RWA portfolio.
There are no hidden spreads or dynamic penalties. The withdrawal fee is stable, predictable, and visible directly in the interface.
Standard Withdrawal Fee
Default Users
0.3%
Applies to all withdrawals when liquidity is available or processed normally
veLDY Stakers
Reduced fee
Users who stake LDY and hold veLDY benefit from a lower withdrawal fee
Council Stakers (≥ 500,000 LDY)
0%
Council members withdraw without any fee, reflecting their operational contribution
Why the Withdrawal Fee Exists
Ledgity vaults invest in short-duration, real-world financial assets. Unwinding these positions cleanly incurs operational and settlement costs.
The fixed 0.3% withdrawal fee:
Protects yield stability for all users
Prevents forced asset sales during market movements
Ensures treasury and liquidity remain healthy
Maintains a stable Price-Per-Share (PPS) evolution
This model is similar to liquidity management fees used in regulated money-market and fixed-income funds.
Priority Liquidity for veLDY Holders
Staking LDY and holding veLDY provides:
Reduced withdrawal fee
Lower cost for exiting the vault
Higher liquidity priority
Faster fulfillment when demand for withdrawals is high
Governance participation
Influence on parameters, including liquidity settings
This mechanism ensures long-term aligned users benefit the most from protocol performance.
Large Withdrawals (>10% TVL)
For large institutional redemptions, the protocol activates the withdrawal coordination desk, ensuring:
Controlled unwinding of assets
No negative impact on other depositors
Clear communication timeline (generally up to 72h, exceptional cases discussed privately)
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