🛑How to Unstake Your GLMR
How to unstake your GLMR tokens!
You must wait ~7 days AFTER completing the unstaking transaction before you can redeem your GLMR tokens. This period is set by the Moonbeam protocol itself and is not something set by Nova Wallet.
GLMR which is undergoing the unstaking process does NOT earn any staking rewards.
When you stake tokens on Moonbeam you agree to have your tokens "locked" in staking for 7 days.
When you wish to unstake your tokens, you must wait for the entire duration of the Unstaking/Unboding Period to expire before you can redeem your tokens.
Step 1: Unstaking Process
Open the Nova Wallet application.
Select
the Staking screen.Select
your staking position, in this case, would be Moonbeam GLMR.From the Moonbeam staking screen
select
Unstake.Input
the amount of GLMR tokens that you wish to unstake and thenselect
Continue.Review all the contextual information including any associated fees and
select
Confirm.
You have now started the 7-day unstaking process. You must wait 7 days before you can redeem your GLMR tokens.
You are able to cancel the unstaking process at any time from the Moonbeam staking screen.
Step 2: Redemption Process
Open the Nova Wallet application.
Select
the Staking screen.Select
your staking position, in this case, would be Moonbeam GLMR.From the Moonbeam staking screen
select
Redeem.Review all of the contextual information including any associated fees and
select
Confirm.
You will now receive the amount of GLMR that you previously chose to unstake.
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