Unstaking
After learning how to liquid stake your tokens, learn how to unstake (unbond) your tokens from Bifrost and Omni LS dapps.
We'll take the vDOT example below.
There are 2 options to unstake DOT from vDOT:
Full unstaking request (you retain full vDOT value)
Lightning mode (you swap at market price, most of the time you won't get full value)
Unstake vDOT
Go to the Unstake tab to visualize the vDOT unstaking queue, click on “Total unstaking”. The unstaking queue will give you an raw estimation of unstaking period: the fewer in the queue, the quicker you unstaking request will proceed.
On the vDOT page, click the toggle button in the middle of the right panel so that vDOT is at the top
Enter the amount of vDOT that needs to be redeemed
Click on "Unstake" button, confirm and sign the transaction
Go to "Unstake" tab in the top navigation of the vDOT page to view the latest progress of your request. You are limited to 10 requests at the same time.
Swap vDOT (lightning mode)
On the vDOT page, click the toggle button in the middle of the right panel so that vDOT is at the top
Turn on the lightning mode option in the DOT part
Enter the amount of vDOT that needs to be swapped into DOT. The swap will be processed on the vDOT/DOT stableswap pool on Bifrost.
Click on "Swap" button, confirm and sign the transaction
You will get DOT immediately back in your wallet once the swap is executed
NB: you can swap on any pool on any network. Just pick the pool with the best liquidity to have the best price (i.e. you can use Hydration)
We'll take the vMANTA example below.
There are 2 options to unstake MANTA from vMANTA.
Full unstaking request (you retain full vMANTA value)
Swap mode (you swap at market price, most of the time you won't get full value)
Unstake MANTA
On the vMANTA staking page, click on "Unstake" in the top menu, input the amount of vMANTA you want to unstake, click on "Approve" and sign the 1st transaction, then click on "Unstake now" and sign the 2nd transaction to unstake your vMANTA.
Each vToken has a given unstaking period. Your unstaking request will be added to our unstaking queue mechanism for potential faster redeems. On the vMANTA page you can follow the latest progress of your unstaking request. Once executed, the MANTA are deposited directly in your wallet, there is nothing to claim.
You can check your transactions and access to the explorer by clicking on your wallet address in the top menu
Swap vMANTA to MANTA (lightning mode)
Just find the best DEX giving you the best slippage to swap from vTokens to Tokens.
The option to swap vMANTA to MANTA is not yet available in the Omni LS dapp, but you can go on any DEX where vMANTA is available and swap. You will instantly redeem into MANTA.
Approve vMANTA in your wallet then swap.
On Gull Network:
On Firefly DEX:
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