The Withdrawal on Parallel L2 is Now Available!

Parallel has enabled the withdrawal function on Parallel L2. Users can now withdraw their assets from Parallel L2 to public chains, including Ethereum, Manta, Merlin-Chain, and Arbitrum One.

This withdrawal option is available for all assets on the Parallel Bridge: https://app.parallel.fi/bridge.

If you have assets on Parallel L2, you can now withdraw them through the following steps.

For ERC-20 assets (excluding bridging ETH token from Parallel L2 to Ethereum mainnet), please follow the steps below:

1. Go to the Parallel Bridge website and connect your wallet: https://app.parallel.fi/bridge
2. Enter the withdraw page by clicking “Withdraw”.
3. Select the token assets, input the amount you want to withdraw, and choose the public chain you want to bridge to.
4. Click “Withdraw” and sign the transaction. You will need some ETH as a gas fee on Parallel L2.
5. Your assets will be successfully withdrawn within 10 minutes.

!!! Note: Withdrawals of any assets from Parallel L2 will require ETH tokens for gas fees. Please ensure you have sufficient ETH tokens to cover all the gas fees.

For ETH Tokens from Parallel L2 to Ethereum Mainnet:

1. Go to the Parallel Bridge website and connect your wallet: http://bridge.parallel.fi/
2. Enter the withdraw page by clicking “Withdraw”.
3. Input the amount of ETH you want to withdraw.
4. There is a 7-day redemption transfer time. Your assets will be successfully withdrawn after 7 days.

!!! Note:

1. Redemption Period: There is a 7-day redemption period for ETH token withdrawals from Parallel L2 to the Ethereum mainnet. After initiating a withdrawal request, you will need to wait 7 days for your assets to be fully redeemed.
2. Gas Fees: Withdrawals of any assets from Parallel L2 will require ETH tokens for gas fees. Please ensure you have sufficient ETH tokens to cover all the gas fees, especially if you also need to withdraw other ERC-20 assets.

Thank you for your continued support.