#Withdraw mailist from shell how to
#Withdraw mailist from shell series

Once bridging is completed, success banners will appear for your bridged tokens on the Arbitrum bridge site. You do not have to wait for one token type to finish bridging before you start the next one. The actual bridging process will take roughly ten minutes from the time it is initiated. You will need to pay a small gas fee (and potential authorization fee) for each token type you bridge. Then select whichever token type you’d like to bridge first. In the Arbitrum bridge, select Mainnet as your source and Arbitrum One as your destination. We do this by visiting the Arbitrum bridge. Now that you have withdrawn your funds from Shell v1, we can move them over to Arbitrum just like any other tokens. The Shell team has plans to support wrapping of WBTC into Shell v2 at or shortly after launch. Once you have found a balance of tokens that you are satisfied with, click ‘Withdraw.’ You will be charged a small amount of gas on mainnet for the transaction, and the stablecoins will be transferred to your wallet.įor the wrapped BTC pool, withdrawal works identically, save for the fact that you can withdraw to any combination of WBTC, renBTC, and sBTC (instead of stablecoins). A ‘Withdraw Everything’ withdrawal will do neither. This mechanic gives you additional funds if your withdrawal brings the pool closer to its balanced state, and subtracts some funds if your withdrawal brings the pool further from its balanced state. The app will warn you when the sum of the tokens you have typed exceeds your current balance.ĭepending on which tokens you are withdrawing to, you may see a slight additional gain or loss of value in your pending withdrawal. If you do not want to receive part of your withdrawal in SUSD (or any other particular token), you can instead type values for each withdrawal token in the fields above. Please note that the Shell team has no present plans to support SUSD within Shell v2 at any time, so funds withdrawn as SUSD will not be able to wrap into Shell v2. For the stablecoin pool, if you withdraw everything proportionally, you will receive roughly 30% DAI, 30% USDC, 30% USDT and 10% SUSD. On the next screen, you will have the option to either ‘Withdraw Everything’ proportionally or specify which tokens you would like to withdraw to. Here, you will see a gray ‘Withdraw’ button at the bottom. To withdraw funds from a pool, click that pool to go to the pool details screen. If both of these pools show zero balance, you do not have any funds deposited in Shell v1 via your currently-connected wallet. Once you connect your wallet, you will be able to see your balances for each active pool in the ‘Your Balance’ column marked orange in the screenshot above. On either app, the withdrawal process is the same. If you have funds stored in the deactivated version of the Shell v1 pools, you may need to visit the deactivated Shell v1 app to retrieve them. Note that Shell v2 only supports Metamask at the present time. Use the retired Shell v1 interface here: ( Regular, Deactivated)įirst, visit the Shell v1 app and connect either your MetaMask or WalletConnect wallet.

#Withdraw mailist from shell how to

A simple guide below explains how to get this done. However, the time has definitely come for LPs in Shell v1 to withdraw their funds and transition to Shell v2. After all, nothing ever really disappears on the blockchain. The Shell team has no immediate plans to disable access to Shell v1 or its app interface. As such, after nearly two years of active life, Shell v1 will transition into a graceful retirement. Shell v1 also contained the seeds of a vision for a composable liquidity network - a vision now borne out by Shell v2. They were a novel approach to a particular set of problems, offering deep liquidity and broken peg protection for like-value tokens (such as stablecoin-stablecoin or wrapped BTC-wrapped BTC). In October of 2020, Shell Protocol launched its first-ever AMM pools on Ethereum mainnet. Access Shell v2 Access Shell v1, Access Deactivated Shell v1

#Withdraw mailist from shell series

Shell Guides is a series of tutorials and explanatory articles shedding light on Shell Protocol, web3, and finance at large.