Withdrawing Assets
Withdrawing GM Tokens and USDC from the protocol
Last updated
Withdrawing GM Tokens and USDC from the protocol
Last updated
As long as your Health Factor stays at or above 100% after your withdrawal transaction, you can withdraw your deposited GM tokens at any time. Since USDC is not used as collateral, you may withdraw deposited USDC tokens at any time regardless of Health Factor.
To withdraw tokens:
Navigate to the Portfolio subtab <insert link> on the Deposit/Borrow page.
In the Portfolio subtab, pick the asset you'd like to withdraw and enter how many tokens to withdraw. Doing so should give you a preview of your updated Health Factor after the withdrawal. If the new Health Factor is below 100%, the withdrawal will more than likely be rejected. (See for details).
Once you've settled on the amount to withdraw, click Withdraw and sign the transaction that auto-populates in your wallet.
Once the transaction has been sent, if the platform determines you will be in good Health after the withdrawal, then the tokens will be sent to your wallet. Even if you withdraw all your tokens for a specific asset, the full withdrawal will not disable the asset as collateral. You may do this separately if you wish, but if you have 0 tokens of the GM asset deposited, it won't matter whether they are disabled or enabled.
Of course, the more assets that are enabled as collateral you withdraw, the less USDC you can borrow. You can see more details on your position and/or manage your position in the Portfolio tab.