Unstaking releases your tokens from the staking contract, making them available for withdrawal once they unlock. This is a prerequisite for withdrawing tokens.
Before You Begin
Check your vault for:
- Principal Staked: Amount currently staked
- Unlock Schedule: When your tokens will unlock
Critical: You must unstake tokens BEFORE their unlock date to withdraw them. Plan unstaking at least 1 week before any unlock event.
Step-by-Step Process
Step 1: Select Unstake Tokens
From the vault actions menu, select “Unstake Tokens”.
Step 2: Enter Unstake Amount
- Review your currently staked amount
- Input the amount of tokens to unstake
- Consider your upcoming unlock events when deciding amounts
- Click “Unstake” to submit your request
Step 3: Magna Creates Transaction
Magna creates an unstaking transaction that includes:
- Unstake amount
- Target staking contract
- Any pending rewards handling
Step 4: Multisig Approval
- Transaction is sent to your multisig wallet
- All signers can review the unstaking details
- Required signers must approve (based on your threshold)
Step 5: Transaction Execution
Once signatures are collected:
- Transaction executes automatically
- Tokens move from staked to unstaked status
- Unstaked tokens remain locked until their unlock schedule date
- Rewards accumulation stops for the unstaked amount
Planning Your Unstaking
Example Timeline
| Event | Date | Action |
|---|
| Unlock scheduled | March 15, 2025 | — |
| Unstake by | March 8, 2025 | Submit unstake request (1 week before) |
| Multisig signs | March 8-14 | Collect required signatures |
| Tokens unlock | March 15, 2025 | Tokens available for withdrawal |
Best Practices
Planning checklist:
- ✅ Review your unlock schedule carefully
- ✅ Plan unstaking at least 1 week before unlock dates
- ✅ Unstake only the amount you intend to withdraw
- ✅ Keep remaining tokens staked to continue earning rewards
