Custom Pineapple Newt
Medium
Users in the smart commitment group can circumvent the time lock imposed for withdrawing assets.
When users want to withdraw assets from the smart commitment group, they are first required to prepare them for burning.
- User must already own shares in the group
None
None
A user can invest in the group with a large capital, then as soon as they receive their shares, prepare all of them for burning. This allows them to later circumvent the time lock and redeem the assets instantly.
There is no expiration in place when preparing shares for burning which allows this. The user which has prepared their shares for burning in advance will be able to withdraw their assets instantly in case of emergency or unexpected market conditions while other users will have to wait out the time lock which can be as long as 24h.
No response
If the preparation isn't redeemed in t amount of time, require a new one to be made.