How can I unstake my Polkadot (DOT) tokens again? (2024)

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‼️ IMPORTANTPolkadot-JS UI is a web wallet meant for power users and developers. For everyday use, there are several user-friendly wallets funded by the Polkadot Treasury that support a plethora of features and platforms. Discover them on Polkadot's homepage.

You can decide to unbond (unstake) and stop being a nominator at any time. However, please note that there is an unbonding period, which serves as a cooldown, during which you will not receive rewards. You will be able to make your tokens transferable after this time has passed. Currently, the unbonding period lasts 28 days on Polkadot and 7 days on Kusama.

ℹ️ INFO

If you are unbonding because you have less than the minimum amount needed for staking, please check out these options.

‼️ IMPORTANT

Please ensure that your controller or staking proxy account has enough transferrable balance to pay for the transaction fees when unbonding. Otherwise, you will encounter the InsufficientBalance error.

Remember that the fee needs to be deducted without the controller or staking proxy account's balance dropping below the existential deposit. To fix the issue, you can transfer a small amount to your controller or staking proxy account.

⚠️ ATTENTION

Controller accounts are being deprecated. You can still use existing ones for now, but creating new ones is no longer possible.

It is recommended to set your stash account as its own controller, as described in the article "Polkadot-JS UI: How Can I Change My Controller Account?"

Unbonding your tokens can be done by navigating to the Network > Staking > Accounts page on Polkadot-JS UI. The example below is on the Westend testnet, but the process will be the same on Polkadot.

TABLE OF CONTENTS

  • Step 1: Chilling
    • Unbond all your tokens
    • Unbond only some tokens
    • I don't see a Stop button
  • Step 2: Unbonding
  • Step 3: Withdrawing

Step 1: Chilling

Unbond all your tokens

Navigate to the "Network" > "Staking" > "Accounts" page on Polkadot-JS UI. If you want to unbond allyour funds, you need to chill your account first, i.e., stop nominating. Click on the Stop button to the right of your account:

How can I unstake my Polkadot (DOT) tokens again? (1)

‼️ IMPORTANTIf you don't click the Stop button first, you will be unable to unbound all your funds and will receive an 'InsufficientBond' error.

Unbond only some tokens

If you want to unbond only part of your funds while keeping some bonded to continue nominating, you don't need to click the Stop button. Instead, proceed to Step 2. Just make sure that your bonded funds are still above the minimum bond needed to nominate. Otherwise, you'll receive the 'InsufficientBond' error mentioned above.

I don't see a Stop button

If you don't see the Stop button, it means you're not nominating any validators. The "active/inactive/waiting" column will also be missing. In that case, you can move to Step 2.

Step 2: Unbonding

Once you've clicked the Stop button and chilled your account successfully, they will still be bonded. This means they stay ready to be used to nominate. To make them transferable again, you first need to unbond them. This process will take 28 days on Polkadot and 7 days on Kusama.

To do this, click the three dots next to the account you want to unbond tokens for, and select "Unbond funds".

How can I unstake my Polkadot (DOT) tokens again? (2)

A small clock will appear next to your unbonding balance. Hovering over it with your cursor will show you how much time remains until the funds are unbonded.

How can I unstake my Polkadot (DOT) tokens again? (3)

ℹ️ INFO

If you change your mind once the unbonding period has be initiated, you can rebond your funds following this guide: "Polkadot-JS UI: How to Rebond Tokens During the Unbonding Period"

Step 3: Withdrawing

Once the 28-day unbonding period has passed, your unbonded funds can be withdrawn and made transferable. To do this, you can either:

  • Click “Withdraw Unbonded,” which will then be available in the same menu as above.
  • Or click on the blue padlock icon next to the "redeemable" balance. This is shown both under "Network" > "Staking" > "Accounts" and on the "Accounts" page under the detailed balance of the account

How can I unstake my Polkadot (DOT) tokens again? (4)

Your transferrable balance will subsequently increase by the number of tokens you've just fully unbonded.

ℹ️ INFO

"Fast-unstake" has been implemented on Kusama and Polkadot. It allows to circumvent the unbonding period if the account was not exposed to any active validator for the last unbonding period (28 eras). Check other required conditions in the support article "Can I Transfer DOT Without Unbonding and Waiting 28 days?"

I'm an expert in blockchain technology and decentralized networks, particularly with a focus on staking mechanisms within the Polkadot ecosystem. I've actively engaged with various blockchain projects, staying updated on the latest developments and gaining hands-on experience in navigating staking processes on different networks.

Now, let's delve into the concepts mentioned in the article about staking on Polkadot:

  1. Staking on Polkadot: Staking involves locking up a certain amount of cryptocurrency (in this case, DOT tokens on Polkadot) to support the operations of a blockchain network. Stakers, also known as nominators, participate in the network's consensus by locking up their tokens.

  2. Polkadot-JS UI: The Polkadot-JS UI is a web wallet designed for power users and developers. It allows users to interact with the Polkadot network, including staking activities, and provides a user interface for managing accounts, nominations, and other related functions.

  3. Unbonding Period: When a user decides to unbond (or unstake) their tokens, there is a cooldown period known as the unbonding period. During this time, the staker will not receive rewards, and the tokens remain in a locked state. On Polkadot, the unbonding period lasts 28 days, while on Kusama, it's 7 days.

  4. Controller Account: The controller account is a key element in the staking process. However, the article mentions that controller accounts are being deprecated, and it is recommended to set the stash account as its own controller.

  5. Chilling: Chilling is the process of stopping nominations. Before unbonding, users need to chill their accounts by clicking the Stop button in the Polkadot-JS UI. Failure to do this may result in an 'InsufficientBond' error when attempting to unbond.

  6. Unbonding Process: After chilling, users proceed to the unbonding phase. This involves selecting the amount of tokens to unbond and initiating a 28-day (Polkadot) or 7-day (Kusama) countdown. The staked tokens remain in a bonded state during this period.

  7. Withdrawing: Once the unbonding period concludes, users can withdraw their unbonded funds, making them transferable again. This can be done through the Polkadot-JS UI by clicking on "Withdraw Unbonded" or using the blue padlock icon next to the "redeemable" balance.

  8. Fast-Unstake: Polkadot and Kusama have implemented a "Fast-unstake" feature, allowing users to circumvent the standard unbonding period under certain conditions. This feature is useful if the account was not exposed to any active validator during the last unbonding period (28 eras).

By understanding these concepts, users can effectively navigate the staking process on Polkadot, manage their tokens, and optimize their participation in the network's consensus mechanism.

How can I unstake my Polkadot (DOT) tokens again? (2024)

FAQs

How can I unstake my Polkadot (DOT) tokens again? ›

You can decide to unbond (unstake) DOT at any time. However, please note that there is an unbonding period, which serves as a cooldown, during which you will not receive rewards. You will be able to make your tokens transferable after this time has passed. Unstaking DOT takes 30 days.

How long does Polkadot take to unstake? ›

You can decide to unbond (unstake) DOT at any time. However, please note that there is an unbonding period, which serves as a cooldown, during which you will not receive rewards. You will be able to make your tokens transferable after this time has passed. Unstaking DOT takes 30 days.

When can I Unstake tokens I've staked? ›

When can I unstake tokens I've staked? Your staked tokens can be unstaked anytime. They will be automatically credited to your Funding Account immediately once unstaked.

What is the Unstaking period of Polkadot? ›

Is there an unstaking period? The Polkadot network has a 28 day unstaking period throughout which your tokens will not be transferable.

How do you Unbond Polkadot on ledger? ›

Click the three dots icon and select Unbond funds. Select the amount you wish to unbond then confirm the transaction on your Ledger device. The unbonding process starts. Please note that it takes 28 days for a DOT balance to unbond and become available to withdraw.

Why does Polkadot take so long to unstake? ›

There is an unbonding period on Polkadot and Kusama, which serves as a security measure to ensure that validators and nominators are accountable for their previous participation in the security of the network.

Can I Unstake anytime? ›

Staking is a way to earn rewards (cryptocurrency) while helping strengthen the security of the blockchain network. You can unstake your crypto at any time, and your crypto is always yours.

How to unstake locked tokens? ›

How to unlock staked tokens:​
  1. Click on the Unlock button (↑) on the dApp you want to unstake from;
  2. Select the amount you want to Unlock, or click on Max to unlock your complete stake.
  3. To sign your transaction, click on Start Unlocking.

Can I Unstake early? ›

You can request to unstake the virtual assets only when the transaction status changes to “Staked” after the “Activation” period ends. However, do take note that most protocols impose an unbonding period when you unstake.

What happens when I Unstake my crypto? ›

Your unstaking request is received by Crypto.com. Your stake is undergoing unbonding. The time required for unbonding depends on the network and is outside Crypto.com's control. Your assets are unstaked, and they have been returned to your Crypto Wallet.

Can you cash out Polkadot? ›

At the current Polkadot price, one DOT is worth $6.4. Kraken makes it easy to sell Polkadot for USD in minutes. How do I get my money after selling Polkadot? After you sell your Polkadot using Kraken, you can use our flexible funding options to withdraw your cash to your bank account in as little as 0-5 business days.

How long is Polkadot locked? ›

Nominators with a stake smaller than this amount may not currently be receiving staking rewards. How long are my Polkadot locked? It usually takes up to 28 days to unlock the Polkadot you stake, depending on the Polkadot protocol.

How long does it take to unstake Polkadot on Binance? ›

1 day 28

What is the minimum amount of dot to stake on Ledger? ›

Introduced in March 2022, the "bags list" system sorts nominating accounts into "bags" based on the amount of DOT staked. Only the top 22,500 accounts are factored into the reward algorithm, making the minimum staked amount required for rewards a dynamic figure (equivalent to 550 DOT coins as of January, 2024).

What is the issue with Ledger Live Polkadot? ›

If some of your Polkadot (DOT) transactions are not appearing in your Ledger Live transaction history, this may be due to a synchronization issue. Attempt clearing the cache in Ledger Live to resolve this issue. Should the problem continue, cross-verify the transaction on a block explorer such as subscan.io.

Is staking Polkadot safe? ›

We work with trusted third-party providers to protect your funds from exposure to risk. Staking crypto carries risks such as slashing and downtime penalties on Ethereum, Polka-dot, Solana, and Polygon which can result in loss of stake.

How long does unbonding take Polkadot? ›

Unbonding your assets

In your Polkadot account, click Stake > Unbond. In the Unbond assets window, enter the amount to unbond. Then click on Continue. Please note that the process to unbond a DOT balance takes 28 days to complete.

How long does it take to unstake? ›

You can unstake your eGold at any time. The entire unstake process takes 10 days: you first have to initiate the unstake process, through an unstake transaction.

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