Unstaking on Moonwell

In this article, we will walk trough the process of unstaking WELL o MFAM tokens from Moonwell’s Safety Module. When unstaking tokens, there is a mandatory 10-day cooldown period, followed by a 2-day window to complete the process.

Unstaking can be a bit different from staking, so it’s crucial to understand the cooldown period, how to track it, and how to successfully withdraw your assets.

What you will find in this article:

What you need:

• Access to your wallet to confirm transactions.

• WELL or MFAM tokens staked in the Safety Module. If you haven’t done this yet, check out my guide “Staking on Moonwell” to know how.

HOW TO UNSTAKE ON MOONWELL

Initiating the Cooldown Period

1)From the Moonwell app, click on “Stake” in the navigation bar.

2)Select “Activate Cooldown” to initiate the 10-day cooldown period.

3)Confirm the transaction in your wallet.

💡Note: you will continue to earn rewards during this cooldown period.

Tracking the Cooldown Progress

Head back to the “Stake” page, where you can monitor the cooldown status through indicators and countdown timers.

Unstaking within the 2-day window

1)Once the cooldown is complete, you will have a 2-day window to unstake your tokens.

2)Click the “Withdraw” button that appears below the cooldown indicator.

3)Review and confirm the transaction details in your wallet.

❗️Important: failing to unstake during the 2-day window will require you to start another 10-day cooldown.

What happens if you miss the window?

If you don’t withdraw within the 2-day period, you must reactivate the cooldown by following the initials steps once again (Initiating the Cooldown Period steps).

Staking during an active cooldown

If you stake additional WELL or MFAM tokens during the cooldown period, the cooldown will be extended rather than reset. The extension length depends on the proportion of new tokens added to the Safety Module.

This guide ensure you can efficiently manage your unstaking process while keeping track on key timings, so you don’t miss your withdrawal window. In the next article, we will explain how to manage and claim staking rewards.

Lynn Brooke

This article serves educational purposes and is not financial advice. We encourage you to do your own research and be responsible for your actions in the financial space.