Delegation

When depositing collateral and triggering mint, the depositor can optionally set a delegate address to receive slisBNBx instead of the depositor address.

This is useful when users want Launchpool rewards to accrue to another wallet, such as a Binance Web3 wallet.

Rules

• Only one delegate address can be set per depositor at mint time.

• Once assigned for a position, delegate address cannot be changed or transferred.

• slisBNBx remains non-transferable even in delegated accounts.

• On withdrawal, burn is executed from the delegated holder address.

Operational Impact

• Deposit path can credit certificate ownership to a separate reward wallet.

• Withdrawal path must burn from that same delegated holder.

• Delegation affects who holds the certificate, not collateral ownership rules in Moolah.