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Withdraw FIL from GLIF

This tutorial will guide you through the process of using your iFIL tokens to withdraw FIL from GLIF. Withdrawing FIL from GLIF requires 2 transactions.

NOTE

To learn more about the mechanics of withdrawals, click here.

Step 1: Connect your wallet to GLIF

  1. Visit the GLIF website and click on “Connect Wallet” in the top right corner.

GLIF connect button

  1. Click on the option to connect your wallet with iFIL.

Toggle button

Step 2: Go to the “Pool” page

  1. Within the “Pool” section, find the “Withdraw” option.
  2. Enter the amount of iFIL you want to redeem, and the corresponding amount of FIL to receive will be displayed. Read more about iFIL here.
  3. Click “Approve”.

Approve button

Step 3: Submit transaction 1 of 2 - approve GLIF pool to transfer

The GLIF smart contract needs permission to spend your iFIL Tokens to process the withdrawal.

  1. Click “Approve”.

Approve button

  1. Click “Confirm” - note you can approve just the amount of iFIL you want to redeem, or you can approve “max”, and not have to do this approval transaction step for withdrawals in the future.

Withdraw button

Step 4: Submit transaction 2 of 2 - Withdraw FIL

  1. After a short wait (around 1 to 2 minutes), you should see a transaction success notification appear. After the approval transaction succeeds, you can proceed with the withdrawal - click “Withdraw”.

Withdraw button

  1. Click “Confirm” in your MetaMask.

MetaMask prompt

  1. After a short wait, you will see a transaction completion message in the bottom right corner. Withdrawal success!

Transaction pending

Step 5: Check your FIL balance

After withdrawing FIL, your wallet's FIL balance will increase by the amount of FIL withdrawn. For a more detailed view of your position, click on “Wallet” in the GLIF navigation

Position view

You will be able to see the FIL and iFIL balance in your wallet in the “Account” tab.

Token balances

Conclusion

Finally, you have successfully withdrawn your FIL from GLIF!

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