Withdrawals on dYdX Chain
d
Written by dYdX Operations Services Ltd.
Updated over a week ago

What are the withdrawal options on dYdX Chain?

There are two main options to onboard onto dYdX Chain.

  1. Withdrawing via a centralized exchange (Coinbase): Coinbase is currently the only centralized exchange to support withdrawals from dYdX Chain.

  2. 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 hour

  • As 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 dYdX Chain software, and/or non-mandatory guidelines and suggestions that may help with using dYdX Chain software. dYdX Operations Services Ltd. does not run dYdX Chain validators nor operate or control the dYdX Chain network. dYdX Operations Services Ltd. is not responsible for any actions taken by other third parties who use dYdX Chain software. dYdX Operations Services Ltd. 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 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. 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. The information contained herein, and any use of products or services provided by dYdX Operations Services Ltd., are subject to the Terms of Use.

Did this answer your question?