Burn and Withdraw Minted Assets
- This section will demonstrate how to burn assets and withdraw USDC
If you decide you would like to reduce or remove your minted positions, navigate to your minting dashboard and toggle the ‘Burn’ button.
Next, enter the number of contracts you would like to buy back and burn. Then, click ‘Burn’ at the bottom of the menu.
Approve your transaction in your wallet and view your receipt in the top right corner of the screen.
Note: Your deposited USDC collateral will be used to buy back the minted assets you sold.
After you have reduced/closed your minted assets, you can withdraw your USDC collateral back to your wallet. Toggle the ‘Withdraw’ button.
Enter the amount of USDC you would like to withdraw.
If you still have minted contracts, you can only withdraw USDC to where your c-ratio is equal to or greater than 125%.
Confirm your transaction in your wallet and view your receipt in the top right corner of the screen.
The funds you have withdrawn will now appear back in your wallet; they will not be credited to your trading account. If you wish to deposit money to your trading account from your wallet, you will need to follow the steps outlined in here.