Withdrawals
Collective uses a quarterly epoch system to balance funder flexibility with vendor capital needs.
Epoch Schedule
Each quarter is one epoch:
Q1: January – March
Q2: April – June
Q3: July – September
Q4: October – December
Key dates are announced in advance on the platform and through our communication channels.
Standard Withdrawals
To withdraw at the end of an epoch:
Submit a withdrawal request before the epoch deadline (typically 2 weeks before epoch end)
Vendor prepares liquidity by converting inventory as needed
Withdrawal processed after epoch closes
USDC returned to your wallet
Standard withdrawals have no fee — you receive your full share of the vault value.
Liquidity Buffer
Each vault maintains a liquidity buffer (typically 20-30% of vault value) in stablecoins. This allows:
Faster processing of smaller withdrawals
Earning yield on idle capital
Flexibility for opportunistic purchases
If your withdrawal request is within the buffer, it may be processed faster than a full epoch cycle.
Emergency Withdrawals
Need to exit mid-epoch? Emergency withdrawals are available but come with a fee:
Emergency withdrawal fee: 3% of withdrawal amount
Processing time: Up to 2 weeks (vendor must liquidate inventory)
Availability: Subject to liquidity constraints
The fee compensates remaining vault holders for the disruption and potential losses from forced liquidation.
Large Withdrawals
For withdrawals exceeding the liquidity buffer:
Request must be submitted by epoch deadline
May be processed pro-rata if total requests exceed available liquidity
Remaining amount processed in subsequent epochs
We recommend contacting the team directly for very large withdrawals (>10% of vault).
Withdrawal Limits
Minimum withdrawal: $500
Maximum per epoch: No hard limit, but subject to liquidity
Cooldown: None for standard withdrawals
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