Withdrawal Process
Lear more about how to withdraw loan principal from the USD Money Market Fund Vault
Last updated
Lear more about how to withdraw loan principal from the USD Money Market Fund Vault
Last updated
Lenders can connect their white-listed and request a withdrawal at any time. Every vault has a different withdrawal processing time.
Once a withdrawal request is received, the liquidity asset (e.g. USDC/EURC) will be repaid to your designated wallet and vault tokens will be burned according to the mechanism of that vault.
Making a withdrawal request is a simple process.
Select the blockchain network you want to access the vault on
Connect your whitelisted wallet to the OpenTrade app
Select the vault you'd like to withdraw from
Click "Withdraw"
Input the amount you'd like to withdraw
Click "Submit Withdrawal Request"
Approve in your wallet
After the Withdrawal Processing Time, the liquidity asset (e.g. USDC or EURC) will automatically be sent back to your wallet and the corresponding amount of tokens will be burned.
The Withdrawal Processing Time is the number of business days before a withdrawal will be repaid into your wallet.
The Withdrawal Cut-Off Time is the time in UTC before which withdrawal requests must be made to be considered same day. For withdrawals requests made before the cut-off time, they will be considered same day requests. For withdrawal requests made after the cut-off of time, they will be considered to have been made the next business day.
For withdrawal requests made on Non-Business Days (e.g. weekends and bank holidays), they will be considered to have been made on the next business day.