> For the complete documentation index, see [llms.txt](https://docs.lodacicero.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.lodacicero.finance/slp-design.md). # SLP Design **LogicalyAvailableUSDC (LAUSDC)** - Tracks the amount of USDC that can be lent, or has already been lent **LogicallyUnavailableUSDC (LUUSDC)**- Tracks the amount that can't be lent - IE. USDC deposits that have reached maturity and is waiting to be withdrawn from depositors. **SLP deposit receipt** - The fungible token of the SLP **TotalSLPTinCirculation** - Tracks the total amount of SLPTs that have currently been minted **SLPT Price Calculation** ![](/files/PkjeHp77JU4wYn7Pspum) **SLPT Price Impacts** ***Minting*** - SLPT price doesn't change ***Burning*** - SLPT price doesn't change ***Loss** -* USDC amount locked fall, but SLPT in distribution doesn't. ***Profit on repayment*** - USDC amount locked increase, but SLPT in distribution doesn't **SLP Maturity** When an investor invests in the SLP they have to specify the amount of USDC and the maturity date. The maturity date is either 180, 360, or 720 days. The investor is not allowed to withdraw funds before maturity. Post maturity date the funds can be withdrawn at any time. When withdrawing funds the following scenarios can occur * The SLP will have enough liquidity to process SLPT burn requests, and return USDC * The SLP will not have enough liquidity available. To ensure there's enough liquidity 90% of the SLP is allowed to be illiquid and loaned out for loans - while 10% will be kept liquid in a pool. In the case where more than 10% is being withdrawn in the SLP, there will be a queue system. Investors will be served on a first come first served basis, whenever liquidity becomes available again. A place in the queue is held for 24 hours before you'll need to queue again. In the case of a withdrawal from the queue, the current SLPT price will matter, and not the price from when the investor first joined the queue. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.lodacicero.finance/slp-design.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.