Withdraw Backstop Pool Liquidity via Excess Swap Pool

Liquidity providers to the Backstop Pool are entitled to withdraw their nabUSDC from any Swap pool with excess 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 the backstop pool and click Withdraw.

4 - 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.

5 - Your withdrawal will be processed in USDC by default.

To withdraw from the Backstop pool in another asset, select the dropdown menu marked with the red box.

6 - Your liquidity can be withdrawn from pools with excess liquidity.

Only those pools will be displayed when choosing to withdraw in another wallet.

Select any asset from the list.

7 - Click Withdraw to innitiate your Pending Withdrawal and click Confirm in the wallet prompt.

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