🛑How to Unstake Your VARA

How to unstake your VARA tokens!

You must wait 7 days AFTER completing the unstaking transaction before you can redeem your VARA tokens. This period is set by the Vara protocol itself and is not something set by Nova Wallet.

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

When you stake tokens on Vara you agree to having 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

1. Open the Nova Wallet application.

2. Select the Staking screen.

3. Select your staking position, in this case, would be Vara VARA.

4. From the Vara staking screen select Unstake.

5. Input the amount of VARA 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 7-day unstaking process. You must wait 7 days before you can redeem your VARA tokens.

You are able to cancel the unstaking process at any time from the Vara 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 Vara VARA.

4. From the Vara 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 VARA that you previously chose to unstake.