Withdrawing
Learn the two-step withdrawal process for converting your stBTC back to Bitcoin. This page explains the request and claim phases, what happens behind the scenes, and important considerations when exit
Withdrawing your Bitcoin from Bitcoin Yield is a two-step process that allows you to convert your stBTC back to BTC, including any yield you've earned.
Withdrawal Process
The withdrawal process consists of two main steps: Request and Claim.
Step 1: Request Withdrawal
Navigate to the Withdraw Section
Go to the "Withdraw" tab in the Botanix Yield interface
Select the "Request" sub-tab
Enter Withdrawal Amount
Specify the amount of stBTC you wish to withdraw
The interface will show you an estimate of how much BTC you'll receive based on the current exchange rate
Note any applicable fees
Submit Request
Click "Request Withdrawal"
Sign the transaction with your wallet
Wait for 2 blockchain confirmations
Step 2: Claim Withdrawal
Navigate to Claim Section
Select the "Claim" sub-tab
You'll see your pending withdrawal amount
Enter claim amount
Enter how much you want to claim. The easiest option is choosing "Max"
Claim Funds
Click "Claim"
Sign the transaction with your wallet
Receive BTC
Wait for 2 blockchain confirmations
Your BTC will be sent back to your wallet
What Happens Behind the Scenes
During the withdrawal process:
In the Request phase, your stBTC is converted to pBTC at the current exchange rate (which includes your yield)
In the Claim phase, the pBTC is burned at a 1:1 ratio and the equivalent BTC is released from the smart contract to your wallet
This two-step process ensures security while allowing you to receive the full value of your initial deposit plus all accumulated yield.
Important Notes
Withdrawal Period: Currently, withdrawals are processed instantly once transactions are confirmed. In the future, when staking and slashing are fully implemented, withdrawal periods may be longer.
Yield Accrual: You stop earning yield on the withdrawn amount once you initiate the withdrawal request.
Partial Withdrawals: You can withdraw a portion of your staked assets while leaving the rest to continue earning yield.
Gas Fees: Both the request and claim steps require small amounts of BTC for gas fees.
By following these steps, you can successfully withdraw your Bitcoin along with all the yield you've earned during the staking period.
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