How to withdraw underlying asset?
Users can burn their shares & withdraw underlying assets with 24 hours cooldown period.
Last updated
Users can burn their shares & withdraw underlying assets with 24 hours cooldown period.
Last updated
Using the UI, here is how the withdraw flow works:
User goes to app.fractality.xyz
User navigates to "Withdraw" or directly can go to app.fractality.xyz/withdraw
User defines the amount of shares that will be burned to withdraw underlying token
User clicks "Withdraw request" call to action
Withdraw request will lock the exchange rate for user by burning the shares
If desired, user can define custom slippage, if not, the exchange rate at the time of transaction will be applied
User follows wallet prompts & signs required transactions
24 hours of cool down period will start
User can have one withdraw request at a time
Post cooldown period user can withdraw requested underlying asset
Related Data Points on the Supply Page
Receive
The amount of shares that are expected to be received per exchange rate at the time of input.
Reward
The reward amount is calculated as the value of the current assets minus the difference between the total amount deposited and the total amount withdrawn. In simpler terms, it's how much more or less your assets are worth compared to the net amount you've deposited (after accounting for withdrawals).
CurrentRewardAmount: converttoAssets()-(sum[deposits]-sum[withdrawals])
Withdraw Request
User requests a withdrawal through this call to action & start 24 hours cool down period.
Post Withdraw Request Modal
Amount: Amount of shares that are requested for burn & recieve the corresponding underlying asset.
Cooldown Ends: Timestamp that requested withdrawal will become liquid at.
Cooling Down: Inactive state of the call to action while the cooldown period is in progress.
Withdraw: Active state of the call to action post cooldown period. User can withdraw the assets.
Withdraw fee
Fee that is applied at each withdrawal.
