How to withdraw?
Withdraw supplied assets to any supported chain
Last updated
Withdraw supplied assets to any supported chain
Last updated
To withdraw supplied assets the fastest and easiest way is to navigate to the web interface (dApp). Select the assets you wish to withdraw, the amount and submit the transaction.
Withdrawing all supplied assets requires a user to settle all their debts and accrued interest. For collateral-enabled assets the withdraw transaction will fail if the Health Factor drops below 1.
If you have active borrow positions, withdrawing can cause your Health Factor to drop.
Most withdraw instances on the dApp triggers the Chain Abstracted Liquidity Widget interface, where major protocol features are displayed.
To learn how to connect your wallet and selecting a network please either refer to How to supply? or How to borrow?
Users wishing to withdraw their supplied collateral can do so either through the Liquidity Widget directly or by navigating to the Dashboard. The Dashboard offers an overview of assets supplied, helping users to manage their supplied positions.
In order to withdraw, a user can click on the withdraw button on the supply section, this will trigger the Liquidity Widget to the withdraw tab with the assets selected to withdraw.
Enter the amount you wish to withdraw and click withdraw. This will prompt your browser wallet to sign a withdraw permit after which a withdraw transaction can be submitted.
While signing the permit message, do not permit more than you wish to withdraw.
After your transaction has reached finality, the dashboard will display the information accordingly.
With collateral-enabled assets, withdrawing can impact your Health Factor. Opting out of using your supplied assets as collateral is an option if you prefer to keep them separate from your debt positions.
If you are well versed in web3, you can also toggle the settings button to have additional features to write and execute the contracts.
Utilize the tooltips to get a better understanding of what they do. Some settings are best left as is, as they can result in the loss of funds if they are not properly used.
