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  • Welcome to Folks Finance official documentation!
  • Getting started
  • HOW TO
    • Deposit
    • Lock & Earn
    • fStaking
    • Withdraw
    • Borrow
    • Rebalance
    • Repay
    • Rewards aggregator
    • Algo Liquid Governance
      • Algo Liquid Governance - G3
  • User profile
    • Dashboard
    • History
    • Notifier
  • Developer
    • Contracts
    • Official SDKs
  • Protocol architecture
    • Overview
      • Liquidity pool dynamics
      • Interest rates model
      • Interest accrual
      • Deposit
      • Withdraw
      • Borrow
      • Slippage
      • Liquidation
      • Algo Liquid Governance
      • Incentive system
      • fStaking
      • Token types
  • Security
    • Audits
    • Bug bounty
  • Support
    • FAQ
    • Glossary
    • Fees
  • helpful guides
    • Creating a My Algo Wallet
    • Buying Algo using FIAT - CEXs guide
    • Buying Algo with FIAT - Pera wallet/MyAlgo wallet guide
    • Allowing pop-up
    • Folks Finance's Testnet
  • Community
    • What can I do with gALGO?
    • Aeneas liquidity program
    • Contact
    • Community treasury
    • FOLKS
  • Legal
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer
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  1. HOW TO

Withdraw

Withdraw operations allow the users to redeem their deposited asset.

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Last updated 2 years ago

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In order to perform the withdrawal operation, the deposit must be unencumbered. (e.g. the user funds could be locked if they are deposited as collateral). The user must keep the whole amount of corresponding to the initial amount received at the time of the deposit.

Sending fToken to other addresses will also transfer the right to withdraw your deposit to those other addresses. Only transfer your fToken if you know the recipient account and accept the risks involved.

Deposit page

  1. Reach the Deposit section in the navigation bar of the web app.

  2. In My Deposit section, on the right side of the page, select the asset you want to withdraw.

  3. By clicking on the desired asset, a dedicated widget appears. Type in or use the slide bar to specify the amount of the tokens you want to withdraw.

  4. Confirm the operation.

  5. You will receive a message indicating success if the process has been completed properly.

If you are using Pera Wallet, please, remember to confirm the operations from your smartphone.

fToken