Withdrawing assets

To help users avoid liquidation risks, Elara provides two safeguards:

• The "Safe Max" button allows users to withdraw up to 80% of their borrow utilization.

• If users manually input their withdrawal amount, the system limits it to 95% of their borrow utilization.

Main pool operations:

The main pool allows users to withdraw assets with flexibility, as long as the assets are not being used as collateral for loans. Follow these steps to withdraw from the Main Pool:

1. Access your portfolio: Log into ElaraLend and navigate to the Portfolio page.

2. Select the asset: In the Main Pool section, find and select the asset you wish to withdraw (e.g., ETH, WBTC, USDC).

3. Enter the withdrawal amount: Input the amount of the asset you would like to withdraw. Be sure to check your borrow limit if you are using the asset as collateral to avoid triggering liquidation.

4. Review the transaction: Confirm the withdrawal details and ensure that the transaction doesn’t negatively impact any active loans you may have.

5. Confirm the withdrawal: Once the details are confirmed, approve the transaction in your connected wallet. Your assets will then be transferred back to your wallet.

Satellite pool operations:

1. Access your portfolio: Log into ElaraLend and navigate to the Portfolio page.

2. Select the satellite pool: In the Satellite Pools section, select the pool from which you want to withdraw assets (e.g., LST/LRT or WETH pool).

3. Choose withdrawal type:

Collateral withdrawals: If you’ve supplied assets as collateral, ensure that your withdrawal won’t lower the collateral value below the safe limit for your active loans. The system will limit withdrawals to a maximum of 95% of your borrow limit, but you can also use the Safe Max button to withdraw up to 80% for extra security.

WETH withdrawals: If you have supplied WETH to earn interest, you can withdraw any portion of your supplied WETH. The system ensures your withdrawal stays within safe limits if you’re also borrowing.

1. Enter withdrawal amount: Input the amount you wish to withdraw, considering your borrow limit. You can either:

Use the Safe Max button to withdraw up to 80% of your borrow limit.

Manually enter an amount, which will be capped at 95% of your borrow limit to prevent liquidation risk.

1. Review the transaction: Review the withdrawal amount and ensure it won’t affect your collateral or borrowing status. Confirm that you meet the required collateral-to-loan ratio to avoid liquidation.

2. Confirm the withdrawal: Approve the transaction in your connected wallet. Your assets will be transferred back to your wallet, and any necessary adjustments to your collateral and borrow limits will be applied automatically.