Withdraw

Godex Protocol allows suppliers to withdraw their supplied tokens, including accrued interest, as long as there is sufficient unborrowed liquidity in the reserve. The withdrawal amount is limited by the available underlying assets and the user’s ability to maintain a sufficient collateral ratio for their borrow position. Godex also offers periphery contracts with features such as withdraw and switch, enabling users to redeem their supplied liquidity in a different token, providing greater flexibility for efficient asset management.

When withdrawing with an active borrow position, it’s essential to maintain a healthy collateralization ratio to prevent liquidation. Reducing collateral can lower the health factor, increasing the risk of liquidation. To stay safe, the account must remain above the liquidation threshold parameters after withdrawal. Therefore, withdrawals require careful planning and management of the overall borrow positions to mitigate liquidation risks.