sAID Unstaking Update
Today, December 21st, marks 30 days since the unstaking feature was enabled for sAID holders on November 21st. We want to further clarify the sAID withdrawal model and the liquidity availability timeline in the coming days.
As stated in our documentation, sAID withdrawals operate under a cyclical withdrawal manager model that follows an unstaking queue and liquidity processing cycle.
User may submit unstake requests at any time. During the unstaking queue period, all unstake requests are aggregated until the last day of the calendar month, with the AID:sAID exchange fixed at the time each unstake request is submitted. This queueing period allows the protocol to accurately determine the total liquidity required for withdrawals.
Once the unstaking queue period concludes, the aggregated withdrawal amount enters a liquidity processing cycle. During this phase, capital is recalled and prepared to meet withdrawal demand. Liquidity processed during this period becomes available for claiming on the first day of the following month.
Based on this design, since the launch of the unstaking feature on Nov 21st, the unstaking queue cycle would complete on December 21st, starting the liquidity processing cycle, that would make the liquidity available on January 21st.
To accommodate users who may have requested liquidity in the initial launch days of sAID unstaking, we have decided to temporarily accelerate this cycle and reset it to follow a new schedule.
Unstaking requests submitted between November 21st and November 30th will be processed under an accelerated unstaking queue and liquidity processing cycle, with liquidity made available on a rolling basis between December 21st and December 30th based on each user’s unstake date. Moving forward, the unstaking queue will close on the last day of each month, liquidity processing will occur over the following month, and liquidity will become available on the 1st day of the subsequent month, in line with the intended design of sAID to ensure orderly liquidity management and stable capital operations..
What this means to you
Users who submitted unstake requests between November 21st and November 30th (UTC) will have their requests processed under a one-time accelerated unstaking queue and liquidity processing cycle.
Users who unstaked on November 21st (UTC) will see their liquidity available on December 21st; users who unstaked on November 22nd will see it on December 22nd, and so on until users who unstaked on November 30th, seeing the liquidity available on December 30th. They will be processed by EOD UTC on each respective day at https://aid.gaib.ai/stake.
For users who submit unstake requests on or after December 1st, requests will be aggregated into the December unstaking queue, which closes at the end of the month. These requests will then enter the liquidity processing cycle during January, with liquidity becoming available on February 1st.
We want to reaffirm that this unstaking queue and liquidity processing mechanism has always been part of the design of sAID, as it is necessary to enable time to make the right amount of liquidity in organized batches, ensuring the correct functioning of capital deployment and liquidity operations. For more information on this mechanism, please refer to our documentation: https://docs.gaib.ai/products/gaib-products/staked-ai-dollar-said.