# Withdrawals, Exits, & Liquidity

You can withdraw your capital from a fund at any time after your lock-up period ends. Withdrawals require a 24-hour notice period before they become executable.

### Lock-up periods

Each fund sets its own lock-up period at creation. This is the minimum amount of time your capital must remain in the fund before you can initiate a withdrawal. Lock-up periods protect active strategies from short-term capital flight during volatile markets.

The lock-up period is visible on the fund's profile before you deposit. It applies from the moment your membership is approved.

### How withdrawals work

Withdrawals follow a two-step process:

**1. Initiate.** Submit a withdrawal request specifying how many SHARES you want to redeem. This starts a 24-hour notice period. During this window, the fund's members and Admins can see that a withdrawal has been queued.

**2. Execute.** After 24 hours, the withdrawal becomes executable (by you or anyone else in the fund). Upon execution, positions across the fund proportionally liquidate based on the number of SHARES being redeemed and returns the corresponding capital to your wallet. Your SHARES are burned on execution.

The 24-hour notice exists to give the fund a heads up before its positions are proportionally reduced.

### What you receive

You receive your proportional share of the fund's current treasury value - not your original deposit amount. If the fund has gained value, you receive more. If it has lost value, you receive less.

A 1% withdrawal fee is applied to capital exiting the fund. This is a platform fee charged by Rayze, not by the operator.

### Partial withdrawals

You do not need to exit entirely. Redeem a portion of your SHARES and remain a member with a reduced position. Your remaining SHARES continue to represent your proportional ownership.

### After Exit

Once your SHARES are fully redeemed and burned, your membership NFT is burned and you lose access to the fund's private resources - chat, analytics, member directory, and transaction history. If you want to rejoin, you submit a new request and go through the standard admission process.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.rayze.io/for-contributors/withdrawals-exits-and-liquidity.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.