Withdrawing Liquidity
How to remove liquidity from Sumero
Last updated
How to remove liquidity from Sumero
Last updated
This guide will walk you through the steps to withdraw liquidity from the Sumero app.
The first step is to navigate to the Pool page.
From the pool page, select the 'Withdraw' tab.
From the toggle list in the LP token field, select the LP token you wish to exchange for the underlying asset pair.
You can now decide how much of your LP tokens you would like to exchange for the underlying asset balance. Enter a value into the LP token input field. The corresponding amount of underlying tokens to be returned will be automatically populated. The underlying tokens are returned in a 50/50 ratio, the same ratio applied when depositing.
Finally, you are ready to submit the withdrawal transaction. First, you may need to approve the Sumero router contract to allow the Sumero protocol to spend the LP tokens on your behalf. This is only necessary the first time you interact with the Sumero app using a specific LP token.
Once the spending approval transaction has been confirmed, click 'Withdraw' to trigger the transaction in your wallet.
Sign the corresponding transaction in your wallet.
Once this transaction is signed and confirmed, your underlying assets and the rewards accrued will be deposited into your wallet. You can view your closed/historical positions on the Sumero Dashboard page.
