🛑How to Unstake Your DOT

How to unstake your DOT tokens!

You must wait ~28 days AFTER completing the unstaking transaction before you can redeem your DOT tokens. This period is set by the Polkadot protocol itself and is not something set by Nova Wallet.

DOT which is undergoing the unstaking process does NOT earn any staking rewards.

When you stake tokens on Polkadot you agree to having your tokens "locked" in staking for 28 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

1. Open the Nova Wallet application.

2. Select the Staking screen.

3. Select your staking position, in this case, would be Polkadot DOT.

4. From the Polkadot staking screen select Unstake.

5. Input the amount of DOT tokens that you wish to unstake and then select Continue.

6. Review all the contextual information including any associated fees and select Confirm.

You have now started the 28-day unstaking process. You must wait 28 days before you can redeem your DOT tokens.

You are able to cancel the unstaking process at any time from the Polkadot staking screen.

Step 2: Redemption Process

1. Open the Nova Wallet application.

2. Select the Staking screen.

3. Select your staking position, in this case, would be Polkadot DOT.

4. From the Polkadot staking screen select Redeem.

5. Review all of the contextual information including any associated fees and select Confirm.

You will now receive the amount of DOT that you previously chose to unstake.