unstaking
Unstaking
How is the BNB output amount calculated?
The output BNB is calculated as the BNBx amount entered in the input field multiplied by the current exchange rate.
What is Unbonding period?
Unbonding time is the interval after unstaking, post which the user is able to withdraw funds to their wallet. It is 7-15 days. You would be able to see the exact time and date in the Withdraw tab.
Why is the Unstaking period 7-15 days?
As per the BNB network, after you send an unstaking request, you have to wait 7 days before your BNB is unstaked and ready for withdrawal. This period starts at UTC 00:00 next day. Also, the network allows only a single unstaking request per address from a validator every 7 days. So to optimize the wait time, Stader collects all unstaking requests accumulated over a week and sends them once every week. Hence the maximum time you would have to wait would be 15 days (including 7 days of unbonding period).
What happens after I Unstake?
After an unstake request is successful, an entry is created in the withdraw section with a release time. After the release time passes, the user can withdraw BNB to their respective wallet.
What is release time?
Release time is the local time of the user displayed on the ‘Withdraw’ Section of Dapp for active withdrawals, post which ‘withdraw’ button is activated. Release time = Unstaking time at which users unstaking request is successful + Unbonding time
Can you withdraw the full BNB that you staked initially?
Yes, you can withdraw full BNB by unstaking all BNBx.
Why does “amount to receive” shown at the time of unstaking differ from the actual amount during withdrawal?
BNB Network allows only a single unstaking request from an address every 7 days. So to optimize the wait time, Stader collects all unstaking requests accumulated over a week and sends them once every week. Since there would be a time difference between your unstaked time and the request sent by Stader for unstaking to the network, there could be a change in exchange rate.(you can check the exchange rate calculation here). The exchange rate captured during the time Stader sends the unstaking request to the network would be considered for calculating the amount you would receive at withdrawal.
Is the Exchange rate of the Pool affected by Unstaking?
No, in the shared pool approach, the exchange rate is not affected by unstaking, as BNBx is burnt and corresponding BNB (BNBx multiplied by exchange rate) is moved from staking contract to unstaking contract.