Withdrawing Tokens From DeversiFi

You have three options to withdraw your tokens from DeversiFi:

Regular withdrawals to the Ethereum mainnet (a two step process where you pay & control the gas fee at the end of the process from your on-chain wallet)
Fast withdrawals to the Ethereum mainnet
Fast withdrawals to the Polygon network

Scroll down this article for more details about each withdrawal option



Withdrawals will default to the fast withdrawals on Ethereum if fast withdrawals are eligible for that token. You can change from fast to regular by clicking on the 'advanced' link in the withdrawal widget

Option 1 - Regular Withdrawals Ethereum

Regular withdraws are available for all tokens on DeversiFi is a two step process

1) Initiate the withdraw and then wait 8-17 hours
2) Make the final on-chain transaction to send the tokens back to your Ethereum mainnet wallet

Pending - Until your withdraw is ready for you to send back to your on-chain/Layer-1 wallet, the withdraw will display as 'Pending' in your Portfolio section

Ready To send - When your withdrawal is ready to send back to your on-chain wallet you will see a popup notification on the Portfolio screen

Cancel - You can cancel the withdrawal in the Portfolio section until the point where it has been processed and is ready to send back to your on-chian wallet

Fee - There is no fee charged by DeversiFi, but you pay the ETH gas at the end of the withdrawal process (when you make the final TX to send back to your Layer-1 wallet)

Tip - always make sure that you have at least 0.02 ETH in your on-chain wallet otherwise Metamask may quote you an ereountly high gas fee or give you an 'out of gas error' even though the final cost of the transaction will likely be much lower (depending on global gas prices)

Option 2 - Fast Withdrawals Ethereum

Fast withdrawals are available for a subset of tokens on DeversiFi and tokens arrive almost instantly in your on-chain wallet

There is a limited pool of tokens available for fast withdrawals at any one time, which is frequently replenished

Fast withdrawal tokens supported at this time:

USDt
ETH
wBTC
USDc
AAVE
DVF
LDO
ERP

Fee - DeversiFi pays the gas on your behalf and a fee is taken from your DeversiFi account in the native token that you are withdrawing

Option 3 - Fast Withdrawals Polygon Network

You can withdraw a subset of tokens on DeversiFi to the Polygon network from DeversiFi



You pay a $1 fee in the currency that you are withdrawing, taken from your DeversiFi account

Fast withdrawal tokens supported at this time:
USDt
USDC
DAI
MATIC
ERP

You can view the maximum amount of tokens available in the bridge for withdraw by checking the bridge token balances here

Tip Some Polygon wallets may not automatically display the token even though the tokens are safely in your Polygon address. You can check the tokens that are in your Polygon address by pasting your Polygon/Ethereum address into the Polygonscan explorer

Background

DeversiFi uses a type of cryptography called STARKs to prove and verify trading activity on DeversiFi in a trustless manner. This means that trading on DeversiFi is self-custodial. DeversiFi cannot take possession of customer funds and in the unlikely scenario where DeversiFi were to go offline, traders can activate an ‘escape hatch’ via the Data Availability Committee to retrieve their funds.

Trades are signed and submitted off-chain, allowing traders’ off-chain balances to be updated instantaneously after each trade. When enough time has passed, a proof of the new DeversiFi state balance is submitted for settlement on the Ethereum blockchain and is verified by the Data Availability Committee as well as the StawkWare smart contract.

This batching process has some distinct advantages. As trading activity is not limited to the underlying Ethereum blockchain capacity, DeversiFi can trustlessly process over 9000 trades per second whilst at the same time passing gas savings onto traders in the form of lower trading fees. Trading fees range on DeversiFi between 0% - 0.2% and DeversiFi traders pay no gas for placing, executing or cancelling orders. This is in contrast to on-chain self-custodial exchanges, where fees are in the range of 0.3%-0.5% with traders also competing to pay gas costs in order to execute trades.
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