Withdrawing from Symbiosis Octopool

Symbiosis guide: Withdrawing from Octopools

Symbiosis Octopools are hosted on Boba BNB, which is the Symbiosis host chain. As a result, any liquidity withdrawal must be performed on Boba BNB. To facilitate this, BOBA tokens are required to cover the transaction fees on Boba BNB. Fortunately, BOBA tokens are quite affordable. To acquire them, one can either:

• Swap available tokens for BOBA using Symbiosis WebApp, or

• Request Symbiosis to send some BOBA tokens specifically for the liquidity withdrawal. Please include your wallet address to the request.

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.

Liquidity withdrawal consists of two steps:

1. Liquidity withdrawal,

2. Bridging sUSDC, sUSDC.E, sBUSD, or sWETH you receive after withdrawal for USDC, USDC.E, BUSD, and WETH, respectively. Do not miss the instructions: Step 2. Bridging sUSDC, sUSDCe, sBUSD, and sWETH

Step 1. Withdrawing Liquidity

To withdraw liquidity from Symbiosis Octopool:

1. Navigate to Symbiosis WebApp > the Pools tab > My Liquidity. Here you will find all your assets added to the Symbiosis liquidity pool(s):

2. Press the Manage button for the asset you are going to withdraw:

3. Press the Remove button:

4. Select the amount you are going to withdraw. For instance, we selected 50%:

5. By pressing the Switch network to Boba BNB button, and confirming the action in your wallet, switch to Boba BNB (Boba BNB is the host chain of the Symbiosis protocol and all Symbiosis's pools located on that chain):

6. Press the Remove button, and confirm the transaction in your wallet:

7. Shortly, you will get a confirmation.

When you withdraw liquidity from the Symbiosis liquidity pool, you get sTokens (sUSDC, sUSDC.e, sBUSD, or sWETH) on Boba BNB in most cases. Boba BNB is the Symbiosis host chain where the Symbiosis liquidity pools (Octoppols) are located.

sUSDC, sUSDC.E, sBUSD, and sWETH can be bridged 1:1 for USDC, USDC.E, BUSD, and WETH, respectively.

Instructions are below.

Done ∎

Step 2. Bridging sUSDC, sUSDCe, sBUSD, and sWETH

When you withdraw liquidity from the Symbiosis liquidity pool, you get sTokens (sUSDC, sUSDC.e, sBUSD, and sWETH) on Boba BNB in most cases. Boba BNB is the Symbiosis host chain where the Symbiosis liquidity pools (Octoppols) are located.

sUSDC, sUSDC.E, sBUSD, and sWETH can be bridged 1:1 for USDC, USDC.E, BUSD, and WETH, respectively.

To bridge sUSDC, sUSDC.E, sBUSD, or sWETH:

1. Navigate to Symbiosis WebApp > Menu > Bridge:
2. Connect your wallet.

3. In the Transfer from field, select Boba BNB and the sToken you would like to bridge (sWETH in our example):
4. In the Transfer to field, select the destination token (there is just one option for each sToken type). In our case, it's sWETH -> WETH on Linea:
5. Enter an amount for the sToken:
6. Press the Burn button, and confirm the transaction in your wallet.

7. Shortly, you will get a confirmation.

You always can check status of your cross-chain operation using Symbiosis Explorer.

Done ∎

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