Theta Labs runs on a single balance: deposit USDC on Polygon and it converts automatically to pUSD, your tradeable balance. When you’re done, withdraw native USDC to any Polygon address. There are no sub-accounts and no transfer steps.
The Deposit and Withdraw buttons live on the Balance card of your Portfolio page; the cash pill in the top navigation also opens the deposit view.
Deposit USDC on the Polygon network only — the deposit modal reminds you: “Only send USDC on the correct network.” Other tokens or networks are not supported, and funds sent incorrectly may not be recoverable. Contact support immediately if this happens (see the FAQ for support channels). Open the Wallet modal
Click Deposit on your Portfolio page (or the cash pill in the top navigation). If it’s your first time, complete the one-time Enable trading approval first — this is what lets deposits convert automatically.
Copy your Polygon address
The modal shows your deposit address (0x…) with a copy button and a QR code you can scan from a mobile wallet.
Send USDC on Polygon
From your exchange or wallet, send USDC to that address on the Polygon network.
Watch it convert
The modal tracks progress live: Deposit detected… → Finalizing… → Converting your deposit to pUSD… Conversion typically completes in well under a couple of minutes. Your first-ever deposit includes a one-time wallet setup that adds a few extra seconds.
Withdrawals send native USDC on Polygon from your balance to any address you choose — gas-free, and usually instant.Open the Withdraw modal
Click Withdraw on your Portfolio page.
Enter the recipient
Paste the destination Polygon address (0x…).
Enter the amount
Type an amount in USDC or click MAX. The modal shows “You receive ≈ XUSDC".Theminimumwithdrawalis∗∗2**. Confirm
Confirm the withdrawal. The success screen links to the transaction on Polygonscan.
Supported assets
pUSD is your tradeable balance on the platform — you never need to manage the conversion yourself. Deposits convert to pUSD on the way in, and withdrawals pay out native USDC on the way out.