This ERC proposal extends ERC-7540 by allowing pending deposit and redeem requests to be transferred between controllers.
Problem: ERC-7540 async requests can sit in a pending state for extended periods. During that time, controllers are stuck, they can’t move their position to another address without canceling and resubmitting. This creates friction for wallet migrations, account restructuring, and any protocol that wants to compose on top of pending request positions.
This unlocks secondary market liquidity for pending positions and simplifies account management across the ERC-7540 ecosystem.
We’d love feedback from the community, particularly any security considerations we may have missed around operator trust and pricing of pending requests in secondary markets.
Thanks.
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Hi.
To discuss, let me check this EIP’s purpose again.
In summary, is this draft EIP for “To remove the limitation of the liquidity which is based on the same demand“?
Sorry, I’m not really sure what you mean.
This EIP allows the pending redemption requests to be transferred which will allow this illiquid positions to become liquid.
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Yes, I understand.
So in usecase example, there are two vault dapps, and there is two pending requests, but cause of a certain accident, the one vault doesn’t work, but if ur proposed EIP applied, another one also can handle the request.
So from the liquidity perspective, it’s more flexible and workable.
Let me know my understanding is accurate or not, please.
@cosullivan
So with ur EIP, I feel that separating requests and the DeFi layer across a broader scope will also improve the industry’s UX.
A simpler example would be that say you have an stETH position and you wanted to exit that back into ETH.
At the moment you have two options,
a) Unstake in Lido and wait a few days to be redeemed at face value, or
b) Swap on an AMM and pay the slippage and AMM fees.
If you decide to unstake on Lido and its taking too long and you want the redemption sooner, this would open the door to allow you to find a buyer of that unstaking position and sell it to them in exchange for the instant liqudity.