Withdrawing transfers tokens from your Magna Vault to another wallet address. This is the final step after tokens have been unstaked and unlocked.
Prerequisites
Before you can withdraw:
| Requirement | Description |
|---|
| Tokens unstaked | Must complete the unstaking process first |
| Tokens unlocked | Must have reached unlock date per vesting schedule |
| Transaction window | Proposals can be created 7 days before unlock |
Important: Unlike other actions, YOU create the withdrawal transaction (not Magna). Magna signs at unlock time.
Step-by-Step Process
Step 1: Check Withdrawal Availability
Monitor your vault dashboard:
- Unlocked Amount: Tokens available for withdrawal
- Unlock Schedule: When next tokens will unlock
- Unstaked Balance: Confirms you have unstaked tokens ready
Step 2: Create Withdrawal Transaction
When the 7-day window opens before your unlock:
- Select “Withdraw Unlocked Tokens” from vault actions
- Select Allocation: Choose the allocation to withdraw from
- Enter Amount: Input withdrawal amount (click “Max” for maximum)
- Select Recipient: Choose destination wallet or enter a custom address
- Click “Withdraw” to create the transaction proposal
EVM-Compatible Wallets Only: Only send to EVM-compatible wallets (MetaMask, Ledger, etc.)
Step 3: Collect Signatures (Before Unlock)
- Your team signers receive notification of the withdrawal proposal
- Collect required signatures from your signers before the unlock date
- Leave room for Magna to add their signature at unlock time
Example: If 3/5 signatures required:
- Get 2 signatures from your team before unlock
- Magna provides the 3rd signature at unlock time
Step 4: Magna Signs at Unlock
When the unlock event occurs:
- Tokens officially unlock in the smart contract
- Magna adds their signature to complete the threshold
- Transaction executes automatically
- Tokens transfer to your recipient wallet
Timeline Example
Scenario: Withdrawing tokens unlocking on February 6, 2025
| Date | Action |
|---|
| Jan 30 | Transaction window opens (7 days before) |
| Jan 30 | You create withdrawal transaction in multisig |
| Jan 30 - Feb 5 | Collect signatures from your team (2 of 3 non-Magna) |
| Feb 6, 4:00 AM | Unlock event occurs |
| Feb 6, 4:00 AM | Magna signs transaction (3/5 threshold met) |
| Feb 6 | Transaction executes, tokens transfer to recipient |
Important Warnings
Critical Requirements:
- ⚠️ EVM-Compatible Wallets Only
- ⚠️ Must Unstake First — cannot withdraw staked tokens
- ⚠️ Timing is Critical — create transaction within 7-day window
- ⚠️ Irreversible — withdrawals cannot be reversed once executed
Planning Checklist
Before withdrawal:
- ✅ Unstake tokens at least 1 week before unlock date
- ✅ Create withdrawal transaction when 7-day window opens
- ✅ Verify recipient wallet address (double-check!)
- ✅ Collect required signatures from your team before unlock
- ✅ Ensure Magna can sign at unlock time
- ✅ Monitor transaction status until execution
Common Mistakes to Avoid
| Mistake | Why It’s a Problem |
|---|
| ❌ Forgetting to unstake | Staked tokens cannot be withdrawn |
| ❌ Creating transaction too early | Must wait for 7-day window |
| ❌ Sending to non-EVM wallet | Transaction will fail |
| ❌ Not enough signatures before unlock | Magna can’t complete threshold alone |
| ❌ Withdrawing more than available | Transaction will fail |
