Redemption Flow
When you're ready to exit, Sova processes withdrawals through a 30-day redemption period.
Withdraw your cbBTC plus accumulated yield.
Overview
Redemption Period
30 days
Withdrawal Fee
0%
Minimum Withdrawal
None
Step-by-Step
Step 1: Initiate Withdrawal
Open the Sova app and navigate to the vault section.
View your current svBTC balance
See the current exchange rate and cbBTC value
Click "Withdraw" to begin
Step 2: Enter Amount
Specify how much you want to withdraw.
Partial
Enter specific svBTC or cbBTC amount
Full
Use "Max" to withdraw entire balance
You'll see a preview of the cbBTC you'll receive (principal + yield).
Step 3: Confirm Request
Submit the withdrawal request.
Request is recorded on-chain
30-day redemption period begins
Your svBTC remains in your wallet during this period
Step 4: Wait for Redemption Period
Your withdrawal processes over 30 days.
Track Progress
Monitor your withdrawal status in the Sova dashboard.
Step 5: Claim cbBTC
Once the redemption period completes:
Return to the Sova app
Confirm the claim transaction
svBTC is burned, cbBTC is transferred to your wallet
What You Receive
Principal
Your original cbBTC deposit
Yield
Accumulated settlement fees
Total
cbBTC at the exchange rate when you requested
Verification
All redemptions are verifiable on-chain:
FAQ
Can I cancel a withdrawal request?
Yes, you can cancel a pending withdrawal before the redemption period completes.
What exchange rate do I get?
The exchange rate is locked when you submit the withdrawal request.
Can I make multiple withdrawal requests?
Yes, you can have multiple pending withdrawals at different stages of the redemption period.
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