> For the complete documentation index, see [llms.txt](https://elysia.gitbook.io/elysia-perps/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://elysia.gitbook.io/elysia-perps/getting-started/withdraw.md). # Withdraw You can request a withdrawal of your collateral back to your wallet at any time. Each request is reviewed within 48 hours. A withdrawal moves funds the opposite way from a deposit: the protocol locks the amount you request, then the smart contract sends the tokens on-chain to your wallet. > ⚠️ **Withdrawals arrive on Ethereum mainnet.** The token is sent to your wallet address on **Ethereum mainnet (chainId 1)**, the same chain you deposited from. Make sure the receiving wallet supports Ethereum mainnet. See [Network & Contract Addresses](/elysia-perps/reference/network-and-contracts.md). ## How to withdraw 1. **Request a withdrawal.** Enter the amount and confirm. The protocol checks your available balance and immediately **locks** that amount so it can't be spent twice. Your tradable balance drops right away. 2. **The protocol sends it on-chain.** In the background, the contract sends the tokens to your wallet. You don't pay gas for this send. The protocol submits the transaction. 3. **Funds arrive.** Once the on-chain transaction is confirmed, the withdrawal is complete and the locked amount leaves your account. ``` Request ─▶ Balance locked ─▶ On-chain send ─▶ Confirmed ─▶ Tokens in your wallet ``` ## Conversion back to your token You hold and request withdrawals in your collateral's **$1 unit** (EL$ on the live markets). When the tokens are sent on-chain, that $1 unit is converted **back into the underlying token**: the deposit conversion run in reverse, at the **same fixed per-token rate**. * Because the rate is identical in both directions, a deposit-then-withdraw round trip returns the **same amount of the underlying token** (to 6-decimal precision). * Example: if EL was credited at roughly 100 EL → 1 EL$ on deposit, then withdrawing 1 EL$ returns roughly 100 EL. The conversion rate for each supported token is shown in the app, and is explained in [Collateral](/elysia-perps/getting-started/collateral.md). ## Limits and review * **Minimum withdrawal: 10 EL$** (1,000 EL). Smaller requests are rejected. Fees and trading losses come out of the same balance, so a deposit of exactly 1,000 EL can fall below this minimum after one trade. Leave room above 1,000 EL if you want to be able to withdraw after a trade. **Current: every withdrawal is reviewed** Regardless of size, each request goes through a manual approval step before it is sent on-chain, and **review can take up to 48 hours**. The wait covers the withdrawal review and a cooldown period. Your balance stays locked while the request is pending. If a request is denied, the lock is released and the amount returns to your available balance, so nothing is lost. {% hint style="info" %} **Planned: automatic processing for small withdrawals** Automatic on-chain processing for withdrawals up to **$100** is in development. Once it ships, requests at or below that amount will skip the review step, and only larger withdrawals will be reviewed. This page will be updated when it goes live. {% endhint %} ## Processing stages A withdrawal moves through a few states, visible in your withdrawal history: | State | What it means | | ------------------ | ----------------------------------------------------------------------- | | **Pending review** | Awaiting manual approval (balance locked). Every withdrawal starts here | | **Pending** | Approved; queued for on-chain send | | **Submitted** | On-chain transaction sent; waiting for confirmation | | **Confirmed** | Tokens delivered to your wallet; withdrawal complete | | **Refunded** | On-chain send failed; balance returned to you automatically | | **Denied** | Review rejected; balance returned to you automatically | ## If something goes wrong Withdrawals are built to **fail safe**: * If the on-chain send reverts for any reason, your balance is **automatically refunded** to your available balance. You don't need to do anything. * A locked-but-not-yet-sent amount is never spent twice; the lock is only cleared once the tokens have actually been delivered. > **Timing.** Every withdrawal is reviewed first, which can take **up to 48 hours**. Once approved, the on-chain send follows and then needs confirmation. Network congestion can extend confirmation time. ## Where to go next * New deposits: **Getting Started →** [**Deposit**](/elysia-perps/getting-started/deposit.md). * Understand the $1 unit and conversion rate: **Getting Started →** [**Collateral**](/elysia-perps/getting-started/collateral.md). --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. 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