What are the withdrawal options on dYdX Chain?
There are two main options to onboard onto dYdX Chain.
Withdrawing via a centralized exchange (Coinbase): Coinbase is currently the only centralized exchange to support withdrawals from dYdX Chain.
Withdrawing to another chain's wallet address: Traders may also withdraw funds to a destination address on any supported chain. Withdrawal times and fees will vary depending on the destination chain and asset.
What does the withdrawal flow look like?
Traders will be able to withdraw funds by clicking “Withdraw” at the top right hand corner of the trading panel. There will be a “Withdraw” panel that pops up and gives the trader the option to withdraw.
Withdrawing via a centralized exchange (Coinbase)
Insert destination address
Select network of choice under “Destination” dropdown
Asset will be autofilled to USD Coin
Indicate the amount to withdraw from dYdX Chain
Withdrawing to another chain's wallet address
Insert destination address
Select network of choice under “Destination” dropdown
Select asset of choice under the “Asset” dropdown
Indicate the amount to withdraw from dYdX Chain
Select the slippage percentage amount: 0.1%, 0.25%, or custom amount. Setting a custom slippage percentage allows traders to have more control over the execution of their withdrawal by specifying the maximum slippage they are willing to accept.
Withdrawal rate limits and gating
In an effort to reduce risk across the protocol, withdrawals can be rate limited and gated in specific circumstances.
Withdrawal rate limits:
As a default setting, withdrawals of Noble USDC are rate limited to
max(1% of TVL, $1mm)per hourAs a default setting, withdrawals of Noble USDC are rate limited to
max(10% of TVL, $10mm)per day
These rate limit parameters can be updated by governance.
Withdrawal gating:
All subaccount transfers and withdrawals will be gated for 50 blocks if a negative collateralized subaccount is seen in state and/or can't be liquidated or deleveraged
All subaccount transfers and withdrawals will also be gated for 50 blocks if a 5+ minute chain outage occurs.
Disclaimer and Terms
This document may provide information with respect to the default settings of dYdX Trading Inc. (”dYdX”) v4 software ("dYdX Chain"), or non-mandatory guidelines and suggestions that may help with using v4 software. Coinbase is independent from and unaffiliated with dYdX, and dYdX is not responsible for any action taken by the foregoing or any other third parties, including content set forth on any third-party websites, such as any links to such content in this document. dYdX does not deploy or run v4 software for public use, or operate or control any dYdX Chain infrastructure. dYdX is not responsible for any actions taken by other third parties who use v4 software. dYdX services and products are not available to persons or entities who reside in, are located in, are incorporated in, or have registered offices in the United States or Canada, or Restricted Persons (as defined in the dYdX Terms of Use). The content provided herein does not constitute, and should not be considered, or relied upon as, financial advice, legal advice, tax advice, investment advice or advice of any other nature, and you agree that you are responsible to conduct independent research, perform due diligence and engage a professional advisor prior to taking any financial, tax, legal or investment action related to the foregoing content. The information contained herein, and any use of v4 software, are subject to the v4 Terms of Use.