In our previous article “Lending on Moonwell”, we covered how to lend or supply assets in Moonwell’s liquidity pools. Now it’s time to guide you through the process of withdrawing those assets.

What you will find in this article:

What you need:

• Wallet: ensure your wallet is connected.

• Lent assets: you need to have an open lending position.

• Utilization Check: if you have borrowed other assets, pay attention to the “% Utilization” rate. Withdrawing assets may be challenging if liquidity is low or if this value approaches 100%.

How to Withdraw:

Option A: From your Portfolio

1)Access Portfolio: navigate to the top menu and select “Portfolio”. This section displays comprehensive information about your account, including open positions, staking, and available rewards.

2)Locate your position: find the lending position you want to withdraw from under the “Open Position” section.

3)Initiate withdrawal: click the “Withdraw” button on the right side of the position, which will redirect you to the “Lend” page to manage your lending assets.

Option B: Directly from Lend

1)Go to Lend: click on “Lend” in the top menu. This will take you directly to the asset management page.

Whatever option you choose, you will end on the same information asset box on the lend page.

Withdraw Process:

1)Go to the “Withdraw” option in the information asset box and select the asset you want to withdraw from the dropdown menu.

2)Input amount: enter the amount you want to withdraw. You can choose the exact amount or click “MAX” if you wish to withdraw the full amount available.

3)Approve withdraw: click on the “Withdraw” button, then approve the withdrawal transaction in your wallet.

4)Confirm withdraw: finally, confirm the withdrawal in the Moonwell dApp and sign the transaction in your wallet.

Once confirmed, your withdrawal will be successful, and the assets will be back in your wallet.

This article guides you through the steps needed to withdraw your lent assets from Moonwell, ensuring you can manage your positions effectively and retrieve your funds as needed.

Lynn Brooke

This article serves educational purposes and is not financial advice. We encourage you to do your own research and be responsible for your actions in the financial space.