Unstake and Withdraw $IO
This document explains how to unstake & withdraw $IO.
Table of Contents
How to Unstake $IO
You can unstake at any time. An Unstake option is available for every device you stake. Once you unstake, you are subject to a 14-day cooldown period before the stake can be withdrawn. If a stake is in cooldown period, it does't meet the staking requirement for Block Rewards.
Follow the instructions below to unstake $IO:
- Go to io.net > IO Worker > Staking tab.
- Locate the stake that you want to unstake. Click Unstake under the Action column.
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- A pop-up window appears, informing you that the entire amount must be unstaked & that it no longer counts toward the Minimum Required Stake for Block Rewards.
Click the Unstake button.
Staking rewards are not automatically compounded.
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- After you Unstake, a timer appears next to the worker, counting down the 14-day cooldown period. You can't withdraw your funds until this period of time elapses.
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Withdraw $IO After Cooling Period
To withdraw funds after the cooldown period, go to the Staking tab and click the Withdraw button.
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You can only withdraw funds to the wallet used for the initial stake. If you attempt to withdraw to a different wallet, you will receive a warning message. To stake with a new wallet, please unstake and withdraw your funds first.
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If you use the same wallet, you're prompted to withdraw funds to it. When you click the Withdraw button, your wallet extension will open to Confirm the transaction.
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Updated 3 months ago