Could you please elaborate on the process of unstaking MSOL? I understand staking as a means to earn rewards by locking up coins for a period of time, but I'm curious about the steps required to reverse this process. Do I need to wait for a specific unstaking period to elapse? Are there any fees associated with unstaking MSOL? And once unstaked, can I immediately transfer or trade my MSOL tokens, or are there additional steps I need to take? Thank you for your guidance in navigating this process.
6 answers
Arianna
Sat Jun 29 2024
To unstake SOL from Solana, two primary avenues exist. The first method involves utilizing your own cryptocurrency wallet.
JejuJoyful
Sat Jun 29 2024
Alternatively, you can employ a dedicated staking application such as our Solana Staking Dashboard. Both approaches ultimately serve the same purpose of initiating an unstaking process.
GinsengBoostPowerBoost
Sat Jun 29 2024
Once you choose either method, an unstake command is triggered. This command initiates the withdrawal of your previously staked SOL.
mia_anderson_painter
Fri Jun 28 2024
It is important to note that the availability of your unstaked SOL is contingent on the completion of the current epoch. Epochs represent specific periods of time within the Solana blockchain.
IncheonBeauty
Fri Jun 28 2024
Once the current epoch ends, your previously staked SOL becomes available for withdrawal. This process ensures the integrity and security of the Solana network.