Withdraw

Withdrawing Lender Funds

Withdrawals remove a Lender’s capital from the Lending Pool, and is available to the holders of the relevant Pool Tokens. Lender capital can be withdrawn by redeeming an equivalent amount of Pool Tokens, which are burned in the process. See Pool Tokens for more details on Pool Tokens.

Lender capital withdrawals are subject to exit fees. See Exit Fees for more details.

The amount of capital that can be withdrawn by a Lender is limited by the available liquidity. A Lender’s withdrawable capital balance is publicly visible as part of available Lending Pool data.

For improved resistance to unfair pool manipulation, withdrawal is a two step process. Read about Withdrawal Allowancebelow.

Withdrawal Allowance

Any lender withdrawals require a valid withdrawal allowance. Withdrawal allowance can be self issued up to the lender's current balance, and can be used in a 10 minute window that activates 1 minute after requesting. Withdrawal allowance is single use for any amount up to the requested amount. A lender can only have one withdrawal allowance/request at a time.

It is important to note that withdrawal allowance does not guarantee liquidity for withdrawal. It is a declaration of intent for withdrawing funds.