@g425698h

Can withdrawal delays amplify volatility in restaking yields? Yes, withdrawal delays (or unbonding periods) are a significant amplifier of volatility. In a system with instant liquidity, operators can quickly exit a depreciating AVS, causing a rapid adjustment in its APY. With a mandatory 7-day or longer unbonding period, operators are trapped. If an AVS's token price crashes or a slashing event occurs, operators cannot immediately exit, forcing them to watch their effective APY turn negative while locked in. This can create a "bank run"心理, where operators queue to exit as soon as possible, leading to a predictable and sustained period of high, negative-yield volatility. The delay prevents efficient capital flight and can prolong the period of disequilibrium and instability in the yield.

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