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Withdraw from a vault

Learn how to withdraw your assets from Naga vaults.

Before You Start​

Make sure you have:

  • A connected Web3 wallet with an active position in a vault
  • Enough native tokens (ETH, etc.) for gas fees

Step-by-Step Guide​

Step 1: Navigate to Your Position​

  1. Go to Naga Earn
  2. Find the vault you want to withdraw from
  3. Click on the vault to view its details

Step 2: Switch to Withdraw Tab​

  1. In the vault details page, click the "Withdraw" tab
  2. You'll see your current position and available withdrawal amount

Step 3: Enter Withdrawal Amount​

  1. Enter the amount you want to withdraw
  2. Use the "Max" button to withdraw your entire position
  3. The interface will show:
    • Amount of underlying tokens you'll receive
    • Your remaining position (if partial withdrawal)
    • Any applicable fees

Step 4: Review Withdrawal Details​

Before confirming, verify:

  • Withdrawal Amount: The tokens you'll receive
  • Remaining Position: What will stay in the vault
  • Fees: Any withdrawal fees (typically none)
  • Gas Cost: The estimated transaction fee

Step 5: Execute Withdrawal​

  1. Click the "Withdraw" button
  2. Review the transaction details in the confirmation modal
  3. Confirm the transaction in your wallet
  4. Wait for the transaction to be confirmed on the blockchain

Step 6: Verify Your Withdrawal​

After the transaction confirms:

  1. The tokens will appear in your wallet
  2. Your vault position will be updated (or removed if full withdrawal)
  3. You'll stop earning yield on the withdrawn amount

Understanding Withdrawals​

Exchange Rate​

The amount you receive depends on the current value of your vault shares:

  • Your shares are worth more than your initial deposit depending on the performance of the vault
  • The exchange rate from shares to underlying tokens is calculated at withdrawal time

Example​

If you deposited 1,000 USDT and received 950 shares:

  • If the vault earned 10% yield, your 950 shares might now be worth 1,100 USDT
  • When you withdraw, you'll receive 1,100 USDT (minus any fees)

Partial vs Full Withdrawal​

Partial Withdrawal:

  • Withdraw some funds while keeping the rest invested
  • Continue earning yield on remaining balance
  • Useful for taking profits while staying invested

Full Withdrawal:

  • Withdraw your entire position
  • Remove your position from the vault completely
  • Stop earning yield

Timing Your Withdrawal​

No Lock-up Period​

You can withdraw at any time. The withdrawal amount is subject to availability. If the vault is over-utilised by borrowers, you may not be able to withdraw your entire position.

Consider Gas Fees​

Gas fees are the same whether you withdraw a little or a lot. Consider this when deciding withdrawal amounts.

Market Conditions​

Withdrawing during high market volatility may result in different amounts than expected. Monitor the exchange rate before confirming.

Withdrawal Strategies​

Take Profits Regularly​

Consider withdrawing earned yields periodically while keeping your principal invested.

Emergency Withdrawals​

In case of emergency, you can always withdraw immediately without penalty (except gas fees).

Rebalancing​

Withdraw from underperforming vaults and move funds to better opportunities.

Common Issues​

Insufficient Shares​

Ensure you're not trying to withdraw more than your current position.

Transaction Failed​

  • Check that you have enough gas
  • Verify the vault has sufficient liquidity for your withdrawal
  • Try increasing the gas limit

Fees​

No Withdrawal Fees​

Naga typically doesn't charge withdrawal fees. However, you'll pay:

  • Gas Fees: Network transaction fees (paid to blockchain validators)
  • Performance Fees: Already deducted from your earnings (not charged on withdrawal)

Best Practices​

Plan Your Withdrawals​

Consider your tax implications and have a clear strategy for withdrawn funds.

Leave Some Position​

If you like a vault's performance, consider leaving a small position to continue earning.

Track Your Returns​

Keep records of deposits and withdrawals for tax purposes and performance tracking.

After Withdrawal​

Once you've withdrawn:

  1. Tokens in Wallet: Your tokens will be back in your wallet
  2. Use Them: You can now swap, transfer, or re-deposit elsewhere
  3. Consider Opportunities: Explore other vaults or borrowing options

Next Steps​