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Withdraw

As a borrower, learn how to withdraw collateral from Covenant (formerly known as Tazz).

About

Users can withdraw assets from Covenant at any time, provided they do not have outstanding loans. As a borrower, make sure you have repaid outstanding debts prior to withdrawal.

Step-by-step

  1. 1.
    Navigate to the guild in which you previously deposited collateral. Once there, click on the 'Withdraw' button for the collateral you wish to withdraw. You will only be able to withdraw collateral that does not have unpaid debt. Clicking on 'Withdraw' will prompt a modal to appear.
  2. 2.
    Enter the collateral amount you wish to withdraw, click 'Submit,' and approve the necessary transaction approvals.