30-day redemption period for all withdrawals.
When you're ready to exit your position, Sova processes withdrawals through a structured redemption period to ensure orderly liquidity management.
Redemption Timeline
Submit withdrawal, rate locked
1. Submit Request
Navigate to the vault section and click "Withdraw".
2. Enter Amount
Specify svBTC amount or use "Max" for full balance.
Review the cbBTC you'll receive and confirm the transaction.
30-day redemption period begins.
Return after 30 days to claim your cbBTC.
What You Receive
Your original cbBTC deposit
Accumulated settlement fees (reflected in exchange rate)
cbBTC at the rate when you requested
Available before completion
The redemption period ensures:
Vault maintains sufficient capital for settlements
Active capital continues generating fees
Prevents liquidity crunches
Rate Protection
Your exchange rate is locked when you submit the request. You're protected from any rate changes during the 30-day period.
Tracking Your Withdrawal
Monitor progress in the Sova dashboard:
Request submitted, period started
Redemption period in progress
30 days complete, ready to claim
You can cancel a pending withdrawal at any time before completion:
svBTC remains in your wallet
Submit a new request anytime
Can I withdraw immediately?
No. All withdrawals require a 30-day redemption period.
What if I need liquidity sooner?
svBTC is an ERC-4626 token. You may be able to trade it on secondary markets, though liquidity is not guaranteed.
Do I keep earning yield during the 30 days?
Your svBTC continues to appreciate until the withdrawal is claimed. However, the exchange rate for your withdrawal is locked at the time of request.
