Users can withdraw at any time from the vault. There will be a minimum withdrawal time to process the withdrawal from the vault to your wallet.
Minimum withdrawal time
Since there is no round system in the newer version, there will be a minimum withdrawal time to exit from the position. The min withdrawal time ranges between 6-24hours.
There is a limit for withdrawals of 10- 20%; if it exceeds, users might have to wait for the expiry to process the withdrawal.
Withdrawal can only be processed when new deposits are made or when the options are settled on Friday. If you have already requested a withdrawal, there is no need for further action as the funds will be transferred to your account automatically after settlement.
Request to withdraw
A user can request to withdraw at any point in time. The withdraw tab is available inside each vault page near the deposit tab.
Since there is no round system in the newer version of the earn vaults, the users can withdraw the funds from the wallet after the min withdrawal time. It will be available on the vault strategy page.
After completing the min withdrawal time, the assets will be credited to your account. Once the withdrawal is in the 'pending' state, your deposits will no longer be auto compounding.
The vault charges a 1% withdrawal fee when a user withdraws while the vaults have an active position. This fee is implemented to cover the costs of closing the open position and to ensure the ongoing stability and security of the protocol. For option selling vaults, there is a brief period of time after the contracts expire where no withdrawal fees are imposed, this is to facilitate the option settlement process (approx 2 hours). This occurs after option settlement, with a small delay and it can be seen in the UI that the withdrawal fee is 0% at this time. Sometimes the delay can be by approx 10-15 mins.