How To Withdraw From GLP Vaults
Step-By-Step Guide on withdrawing from Umami's GLP Vaults
Accessing the Vault Page:
Upon entering the Umami site, navigate to the Vaults page, and select the vault you wish to withdraw from. This guide, specifically, will walk you through the process of withdrawing from the USDC vault.
At the top of the page, you'll find the Deposit and Withdraw tabs. These tabs are your gateway into the Vaults.
Unique Withdrawal Procedures for Liquid and Boosted Vaults
For the Liquid vault, instant withdrawal is allowed. In contrast, the Boosted vault offers a higher Annual Percentage Rate (APR) but requires a 'deboosting' period of 14 days before your assets become liquid. If you initiate a withdrawal from the Boosted vault, your assets will automatically 'deboost' and withdraw after this 14-day period.
Withdrawing from the Vaults:
Withdrawing from the Liquid vault The Liquid vault lets users withdraw their deposits instantly. To do this, navigate to the 'Withdraw' tab, input the amount you want to withdraw, and confirm your transaction.
Withdrawing from the Boosted vault If you've deposited into the Boosted vault, you can choose to withdraw your assets, but there's a 14-day waiting period. After this waiting period, your assets will be automatically transferred to your wallet.
Alternatively, you can choose to 'Deboost' your assets. This action will move your tokens to the Liquid Vault after a 14-day period.
Boosting and Deboosting
It's worth noting that Umami allows to 'boost' your assets in the Liquid vault, effectively moving them into the Boosted vault. Conversely, you can 'deboost' your assets in the Boosted vault to move them back to the Liquid vault.
Viewing Your Balance
After initiating a withdrawal, any remaining balance can be readily viewed at the top of the page, just above the 'Deposit' and 'Withdraw' tabs. For a more detailed analysis of your assets in the vaults, click on 'Show details'. This will reveal the distribution of your assets, detailing how much is still held in the Liquid Vault, how much is in the Boosted Vault, and the amount currently undergoing deboosting.
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