Withdrawal Guide

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Exclusive to Bancor, users are able to provide Single-Sided Liquidity with Instant Impermanent Loss Protection. To provide these features and make sure the protocol remains secure by looking at possible attack vectors, withdrawals are subject to 7 day cooldown and 0.25% withdrawal fee (determined by the Bancor DAO). 

If you wish to withdraw your position, you will need to "notify" the protocol at least 7 days in advance of your desired withdrawal date. Once 7 days have passed since your request, you will be able to withdraw your liquidity back into your wallet.

If the request was made and the withdrawal itself was not initiated, the deposit will remain "stuck" - and you won't earn any fees or rewards at that time. However, if you have changed your mind and wish to keep your position on Bancor, you may override the withdrawal request and keep any fees you earned during the 7-day cooldown period.

Quick How-To Guide:

1. Connect Wallet

Make sure you are connected to the correct Web3 wallet that holds the deposited funds on Bancor. 

2. Go to Portfolio page

On your portfolio page, you can see all of your deposits. Choose the token you wish to withdraw and click on the menu.

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 Holdings section under the Portfolio tab

 

3. Click "Withdraw"

In the newly withdrawal window opened, click "Withdraw".

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  Deposit/Withdraw window

 

4. Start Cooldown

Now specify how many tokens we would like to withdraw, and initiate the 7-day cooldown period by clicking on "Start Cooldown"

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5. Approval

After approving the wallet to interact with the tokens / pool tokens, the countdown started - and you may withdraw them once 7 days pass. You can see how much time is remaining at your Portfolio page, at the top right side under "Pending withdrawals".

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