Unstake

What does 'unstaking' mean?

Unstaking refers to the process of initiating the withdrawal of your staked assets. When you unstake MaticX, you begin the process of converting your MaticX tokens back to POL. Once the unstaking process is complete, you can claim your POL from the Withdraw tab by clicking on the "Withdraw" button.

What is the procedure to 'approve unstaking'?

Initiating 'unstake approval' is your first step towards unstaking your MaticX tokens. This procedure involves providing confirmation through your wallet, thereby giving Stader Protocol the necessary permissions to handle the MaticX tokens you're looking to exchange for the equivalent staked POL or MATIC based on the exchange rate. It's crucial to understand that, in this step, no updates are made to your MaticX holdings. The Stader protocol simply gains the necessary permissions to interact with your tokens for the unstaking process. Rest assured, there's no inherent risk associated with this step.

Do I still accrue rewards during the unstaking period?

No, during the unstaking process, your MaticX tokens no longer earn staking rewards. The reward accumulation ceases when the unstaking procedure is initiated.

How do I calculate the amount I'll receive when unstaking?

The value you receive when unstaking is determined by the exchange rate either at the unstake time or the finalization time, whichever is the minimum. For instance, if the exchange rate stands at 1.05, you'll receive 1.05 POL for every MaticX you unstake.

What is the 'unstaking period'?

The 'unstaking period' refers to the duration required to convert your MaticX back into POL. Unstake requests are typically processed within 3–4 days.

What should I do after requesting to unstake?

After initiating an unstake request, your next step is to wait for the unstaking period to conclude. Once completed, you'll be able to claim your unstaked POL in the Withdraw tab by clicking on the "Withdraw" button.

What are the staking and unstaking token conditions for Polygon staking on Stader?

On Ethereum Network:

  • Staking: Users can stake with both MATIC and POL to receive MaticX.

  • Unstaking: During unstaking, users will receive tokens only in POL, regardless of whether they initially staked MATIC or POL.

On Polygon Network:

  • Staking: Users can stake with POL to receive MaticX.

  • Unstaking: During unstaking, users will receive POL.

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