Redemption Flow

When you're ready to exit, Sova processes withdrawals through a 30-day redemption period.

Withdraw your cbBTC plus accumulated yield.

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Overview

Parameter	Value
Redemption Period	30 days
Withdrawal Fee	0%
Minimum Withdrawal	None

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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

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Step 2: Enter Amount

Specify how much you want to withdraw.

Option	Description
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).

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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

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Step 4: Wait for Redemption Period

Your withdrawal processes over 30 days.

Track Progress

Monitor your withdrawal status in the Sova dashboard.

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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

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What You Receive

Component	Description
Principal	Your original cbBTC deposit
Yield	Accumulated settlement fees
Total	cbBTC at the exchange rate when you requested

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Verification

All redemptions are verifiable on-chain:

Check	How
Transaction	View on BaseScan
Balance	Confirm cbBTC in wallet
svBTC	Verify tokens were burned

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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.