rhino.fi: Withdrawing Tokens
Withdrawing Tokens From rhino.fi.
You can withdraw by going to your rhino portfolio page and clicking the withdraw button in the top right hand corner of the page
Fast withdrawals arrive your on-chain wallet almost instantly.
Liquidity for fast withdrawals is limited by the amount of Liquidity Provider capital in the rhino bridge smart contracts
Any limited fast withdrawal liquidity is replenished daily and you can withdraw up to 1/3 of the contract balance in one withdrawal
Fee - The rhino Bridge & withdrawal fees are updated regularly depending on the gas prices of each individual chain
Native/Regular Withdrawals Ethereum
Regular withdrawals are available for all Ethereum tokens on rhino.fi. This requires a two-step process.
1) Initiate the withdrawal and then wait 4-24 hours.
3) View the status of your regular withdraw in your rhino.fi history section or portfolio page
2) Claim your tokens from the Layer 2 smart contract. Make the final on-chain transaction to send the tokens back to your Ethereum mainnet wallet.
Pending - Until your withdrawal is ready for you to send back to your on-chain/Layer-1 wallet, the withdrawal will display as 'Pending' in your Portfolio section.
Claim - When your withdrawal is ready to send back to your on-chain wallet, you can click the 'claim' button in your Withdrawal History page
Cancel - You can cancel the withdrawal in the Portfolio section until the point where it has been processed and is ready to send back to your on-chain wallet.
Fee - There is no fee charged by rhino.fi, but you pay the Ethereum ETH gas from your on-chain wallet/address the end of the withdrawal process (when you make the final TX to send back to your Layer-1 wallet).
Top Tip - always make sure that you have at least 0.02 ETH in your on-chain wallet, otherwise MetaMask may quote you an erroneously high gas fee or give you an 'out of gas error' even though the final cost of the transaction will likely be much lower (depending on global gas prices).
Top Tip 2 You can claim your tokens when mainnet Ethereum gas prices are cheaper - for example at weekends
You can claim from either your rhino portfolio page or your rhino withdrawal history page
https://app.rhino.fi/account ---> 'Withdrawals'
The second row shows the layer 2 batch/proof transaction on Ethereum and does not represent your claim transaction
The first row is where you need to claim your tokens from the smart contract on Ethereum
Updated on: 23/07/2023