When you stake your WALLET tokens, you lock them in the Ambire Wallet staking pool.
You can request an unlock for the full or partial amount of your staked tokens at any time, wait for the lockup period to be over, and then withdraw them.
However, please note that once your WALLET tokens are locked-up (bonded) in the Ambire Wallet staking pool, you will not be able to withdraw them for at least 30 days. When you request the un-bonding of your tokens, the so-called ‘Unlock', you have to wait 30 days to withdraw them, and you will not receive rewards for that 30 days period.
To stop staking or withdraw а partial amount of your staked WALLET tokens, you need to follow a few easy steps:
Step 1:Go to the Earn tab in the left side menu of your Ambire Wallet
Step 2: In the Ambire staking card, click on Withdraw and select the amount of tokens you want to unstake. The total amount which you have staked will be displayed above this field.
Step 3: After clicking on Withdraw you will be redirected to a page with a summary of your transaction, as well as payment options for the transaction. You can choose to pay the fees with or without the gas tank option, which you can learn more about here. If you wish to enable the gas tank, you can go back to your dashboard, click on the Gas Tank tab, and move the slider tab to enable it.
If your gas tank is disabled, select the token with which you want to pay the fee, as well as how fast you want the transaction to be executed. Higher fees are charged for faster transactions.
If your gas tank is enabled, you will be able to use only the tokens which you have previously deposited in the gas tank, and you will need to choose the speed of the transaction which you prefer. The fees section will also show you how much you would save in terms of gas fees by using the gas tank.
30 days cool-off period
Once your unlock request is mined on the network, you can check how many days are left of the 30 days cool-off period by visiting the "Withdraw" menu in the Ambire staking field.
Click on the "SEE MORE DETAILS" button and you will be presented with detailed information on your stake, including APY, all time rewards, pending unlocks, ready to withdraw tokens and more.
After the cool-off period is over, you will be able to withdraw your WALLET tokens and freely use them:
Q: Do I need to unlock the full amount if I want to stop staking?
A: No. You can unlock just a portion of your staked WALLET tokens so the rest can continue earning revenue for you. You decide how much you'd like to unlock when you select the "WITHDRAW" menu of Ambire staking card and enter the amount you want to unlock (max amount - full stake, or an amount specified by you).
Q: Will I stop receiving my rewards if I request unlock?
A: Yes. You stop receiving rewards from the moment you request an unlock. Please note that once you request an unlock, you will need to wait 30 days for the tokens to be released.
Q: Are the unstaked tokens transferred to my wallet when the lock up period is over?
A: No, the tokens will not be automatically transferred to your wallet. You will need to request the transfer yourself.
Q: Why do I need to wait 30 days to unlock?
A: This measure will help reduce the amount of circulating $WALLET and will thus incentivize WALLET token owners to hold them for longer periods of time, earning even more rewards on them. Another reason for that is rooted in the security mechanism of staking - if stakers are able to unlock immediately, they can perform a so-called front-running attack on a potential slash penalty and therefore compromise security.
Q: If I already have staked, can I stake more?
A: Yes, you can add more WALLET tokens to your active stake at any time.