Managing Backstop Pool Liquidity

Learn more about the Backstop Pool here.

1 - Go to the Backstop Pool page here.

2 - Connect your wallet by selecting the option in the top right corner.

3 - Select Manage.

4 - Select Add Liquidity or Withdraw to provide USDC to the Backstop Pool.

Depositing into the Backstop Pool

Deposit to the Backstop Pool(BSP) is subject to a time lock (Delay Period). For the Testnet Beta, the delay period is set to 3 hours. Please check Withdrawing from the Backstop Poolto learn more.

1 - Select Add Liquidity.

2 - Enter the amount of USDC you want to convert to nabUSDC by depositing it into the BSP.

A wallet pop-up with transaction details will appear. First, you need to grant Nabla permission to spend your assets. Click Next and then Approve to enable spending USDC.

3 - After approving Nabla to spend your USDC, click Deposit.

A wallet pop-up with transaction details will appear. Click Confirm to complete the deposit.

Withdrawing from the Backstop Pool

Firstly, you need to "Initiate withdrawal" and wait until the time lock (Delay Period) expires. For the Testnet Beta on Arbitrum, the Delay Period is set to 3 hours.

1 - Select Withdraw.

2 - Enter the amount of USDC you want to withdraw from the BSP and click Initiate Withdrawal.

Once you initiate withdrawal, the Delay Period starts. Please note that you can only have one pending withdrawal. If you initiate a new withdrawal during the Claim Period, your withdrawal request is overwritten, and time lock restarts.

After the timelock expires, the withdrawal enters the Claim Period. You can finalize withdrawal from the BSP anytime during the Claim Period which runs for 72 hours.

If you fail to finalize the withdrawal within the claim period, you need to initiate a new withdrawal.

3 - Finalize the Withdrawal

During the claim Period, your pending withdrawals will show as in the image below.

Click Withdraw and confirm the prompt in your wallet.

A popup in the bottom right corner will confirm the success of your transaction.