Withdrawing Assets
Executing the Withdrawal TransactionWithdrawing assets from Udon Finance is the process of retrieving your supplied funds, along with any accrued interest, back to your personal wallet. This guide will walk you through the steps to seamlessly manage your liquidity, always keeping the stability of your position in mind. As always, enjoy the gas-free and efficient transactions powered by Chromia.
1. Initiating a Withdrawal from Your Supplied Assets
Your Udon Finance dashboard clearly displays all your active supply positions, making it easy to manage your funds.
Locate Your Supplied Assets: On your dashboard, navigate to the "Your Supply" table. This section lists all the assets you have currently supplied to Udon Finance.
Select the Asset to Withdraw: Click on the specific asset from which you wish to withdraw funds. This action will typically lead you to a detailed view or trigger a withdrawal pop-up directly.
2. Understanding the Withdrawal Pop-up and Health Factor
Upon selecting an asset, a dedicated pop-up will appear, providing critical information before you proceed.
Review Withdrawal Details:
The "Withdraw" pop-up will display important information to help you make an informed decision:
Remaining Supply: The total amount of the asset you currently have supplied.
Health Factor (Projected): This is a crucial metric. It shows how your Health Factor will be impacted after the proposed withdrawal. Pay close attention here:
If the projected Health Factor drops below 1, you will not be able to withdraw the desired amount. This indicates that the withdrawal would put your loan at risk of immediate liquidation.
In such cases, you will need to reduce the withdrawal amount or repay a portion of your outstanding loan to increase your Health Factor before proceeding.
Withdraw Amount: The input field where you will specify the quantity of the asset you wish to withdraw.
3. Executing the Withdrawal Transaction
Once you have reviewed the details and ensured your Health Factor remains healthy, you can proceed with the transaction.
Enter Withdrawal Amount & Verify Information:
Input the exact amount of the asset you wish to withdraw into the designated field. Double-check all information presented in the pop-up, particularly the projected Health Factor, to ensure your position remains safe.
Click "Withdraw" and Confirm in Wallet:
Click the main "Withdraw" button within the pop-up. Your connected wallet (e.g., MetaMask) will then display a separate pop-up or notification asking for your transaction confirmation. Review the details of this transaction and click "Confirm".
4. Verifying Your Updated Supply and Wallet Balance
After successful confirmation, your dashboard will automatically update, reflecting the changes in your supplied assets and your wallet balance.
Dashboard Update & "Your Supply" Adjustment: The Udon DApp will refresh to display the updated data. The quantity of the asset you just withdrew will be reduced in the "Your Supply" table on your dashboard.
Check Your Wallet Balance: The withdrawn amount of the asset will now be returned to your connected wallet . You can verify this by checking your wallet's balance.
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