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Withdrawing from Symbiosis Octopool

Symbiosis WebApp user guide: Withdrawing liquidity from Symbiosis Octopool via Symbiosis WebApp.
The Symbiosis protocol owns a liquidity pool with multiple sTokens (sUSDT, sUSDC, sBUSD) that enables cross-chain operations. We call this liquidity pool Octopool.
Any user who adds liquidity to Symbiosis Octopool becomes a liquidity provider and receives rewards for it.
Please refer to Symbiosis Reward Programs for more information about the rewards.
Symbiosis Octopool is on BOBA BNB.
  • Adding liquidity Users can add liquidity to Symbiosis Octopool from any other supported blockchain using Cross-chain Zaps.
  • Withdrawing liquidity Liquidity withdrawal from Symbiosis Octopool can only be done on BOBA BNB.
    • If your wallet does not support BOBA BNB, please use another wallet (e.g. Metamask). In this case, you may need to export the key (that you used to add liquidity) from your current wallet and import it into Metamask.
    • BOBA token is the native cryptocurrency on BOBA BNB: the type of cryptocurrency that is used to pay transaction fees. So to operate on BOBA BNB you should have BOBA tokens.
Liquidity withdrawal consists of two steps:
  1. 1.
    Liquidity withdrawal,
  2. 2.
    Swapping sTokens (sUSDT, sUSDC, sBUSD) for stablecoins: when you withdraw liquidity (Step 1), you get sTokens (sUSDT, sUSDC, sBUSD) on Boba BNB in most cases. Boba BNB is the Symbiosis servicing chain where the Symbiosis liquidity pool is located. You can exchange the sTokens for stablecoins on a corresponding blockchain at the rate of 1:1. Do not miss the instructions below: Swapping sTokens (sUSDT, sUSDC, sBUSD).

Withdrawing Liquidity

To withdraw liquidity from Symbiosis Octopool:
  1. 2.
    Connect your wallet.
  2. 3.
    Press My liquidity. Here you will find all your assets added to the Symbiosis liquidity pool:
  3. 4.
    Press the Manage button for the asset you are going to withdraw:
  4. 5.
    Press the Remove button:
  5. 6.
    Select the amount you are going to withdraw. For instance, we selected Max:
  6. 7.
    If you see the Switch network to <Network name> button, please switch to the network by pressing the button and confirming the action in your connected wallet.
  7. 8.
    If you see the Approve <Token name> button, please approve the token use by pressing the button, and approve the transaction in your wallet.
  8. 9.
    Press the Remove button, and confirm the transaction in your wallet:
  9. 10.
    Shortly, you will get a confirmation:
    ​
When you withdraw liquidity from the Symbiosis liquidity pool, you receive sTokens (sUSDT, sUSDC, sBUSD) on BOBA BNB in most cases. BOBA BNB is the Symbiosis servicing chain where Symbiosis Octopool is located.
You can exchange the sTokens (sUSDT, sUSDC, sBUSD) for stablecoins on a corresponding blockchain at the rate of 1:1 (instructions are below).
Done ∎

Swapping sTokens (sUSDT, sUSDC, sBUSD)

When you withdraw liquidity from the Symbiosis liquidity pool, you get sTokens (sUSDT, sUSDC, sBUSD) on Boba BNB in most cases. Boba BNB is the Symbiosis servicing chain where the Symbiosis liquidity pool is located. You can exchange the sTokens (sUSDT, sUSDC, sBUSD) for stablecoins on a corresponding blockchain at the rate of 1:1.
To exchange the sTokens (sUSDT, sUSDC, sBUSD) for stablecoins:
  1. 1.
    Navigate to Symbiosis WebApp:
  2. 2.
    Select Bridge in the menu:
  3. 3.
    You will be redirected to the Symbiosis WebApp > Bridging section:
    ​
  4. 4.
    In the Transfer from field, select Boba BNB and the sToken you would like to exchange for stablecoins on a corresponding blockchain (sBUSD in our example):
  5. 5.
    In the Transfer to field, select the destination token (there is just one option for each sToken type). In our case, it's sBUSD -> BUSD:
  6. 6.
    Enter an amount for the sToken:
  7. 7.
    Press the Burn button, and confirm the transaction in your wallet:
  8. 8.
    Wait a bit to get a confirmation:
    ​
Done ∎
Please contact our support if you have any questions.
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