Redeeming & Liquidity
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
Request
Immediate
Submit withdrawal, rate locked
Processing
30 days
Redemption period
Claim
Immediate
Receive cbBTC + yield
How to Redeem
1. Submit Request
Navigate to the vault section and click "Withdraw".
2. Enter Amount
Specify svBTC amount or use "Max" for full balance.
3. Confirm
Review the cbBTC you'll receive and confirm the transaction.
4. Wait
30-day redemption period begins.
5. Claim
Return after 30 days to claim your cbBTC.
What You Receive
Principal
Your original cbBTC deposit
Yield
Accumulated settlement fees (reflected in exchange rate)
Total
cbBTC at the rate when you requested
Key Details
Redemption Period
30 days
Withdrawal Fee
0%
Minimum Withdrawal
None
Partial Withdrawals
Supported
Cancel Request
Available before completion
Why 30 Days?
The redemption period ensures:
Liquidity Management
Vault maintains sufficient capital for settlements
Yield Continuity
Active capital continues generating fees
Orderly Processing
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:
Pending
Request submitted, period started
Processing
Redemption period in progress
Ready
30 days complete, ready to claim
Completed
cbBTC claimed
Cancellation
You can cancel a pending withdrawal at any time before completion:
svBTC remains in your wallet
No penalties or fees
Submit a new request anytime
FAQ
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.
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