Early Withdrawal
Early Withdrawal allows users to exit their investments early, based on the market value of their principal balance (Pendle Finance's Principal Token) and the structured option before the current epoch's maturity. Advanced users may consider using this feature to secure profits from the structured option strategy.
Early Withdrawals are not 100% Principal-Protected. Depending on prevailing market conditions, user accepts that the total amount withdrawn may be less than their initial deposits (Principal Balance).
Conditions for Early Withdrawal
Batch Size Requirement: Early withdrawals can only be made if your deposit amount meets or exceeds the required minimum block size.
During Active Phase: Early withdrawals can only be executed during the Active Phase (up to 1 day before maturity) of the N-Vault. Early withdrawals is not applicable during other phases.
How to Make an Early Withdrawal
Check Eligibility: Ensure your deposit meets the minimum block size requirement. Early withdrawals are made in multiples of the specified block size. You can find this information in the N-Vault’s details section under the Block Size parameter.
Initiate Early Withdrawal:
Go to the Portfolio section in the dApp.
Select the N-Vault you have invested in.
Review the total blocks balance
Select the number of blocks you would like to early withdraw.
Click "Get Price" to start the process.
Review the market prices of the principal and structured options.
Confirm that you accept and proceed with request in your connected wallet.
Principal Withdrawal: Once the early withdrawal is processed, your NT token would be burned, and your principal will be immediately withdrawn and returned to your wallet.
Structured Options Value: The value of the structured options (if any) will be transferred to your wallet within 24 hours after your principal withdrawal is processed.
Last updated