Unstake & Withdraw

Unstaking is the process of unlocking BFC that has been staked on the Bifrost network so that it can be freely used again. You can request to unstake your BFC using stBFC or wstBFC, and your BFC will be available for withdrawal after the unstaking period.

Step 1. Select a token to use for unstaking

The first step is to choose the token you want to use for unstaking, which can either be wstBFC or stBFC.

Select a Token

Step 2. Enter the unstaking amount of BFC

The next step is to enter the quantity of BFC you want to unstake. You can do this by typing the amount in the designated field, using the gauge bar, or pressing the Max button. Once you enter the quantity, it will automatically display the number of tokens to use for unstaking based on the exchange rate.

Enter the Amount

To keep the network running efficiently, we currently have two limitations when entering unstaking amounts. We will be making infrastructure improvements in the near future to remove these limitations, so we ask for your patience and understanding if this is a temporary inconvenience. 🙏

Limitations on the amount of unstaking

1. You can unstake BFC in increments of 10,000

2. You can unstake BFC with a maximum of 500,000 at a time (There is no limit to the number of BFC that can be unstaked per account.)

Step 3. Unstake

After entering the quantity, click the Unstake button and confirm the transaction, and your unstaking request is complete!

Unstake

Transaction process when requesting unstaking with wstBFC

1. Confirm Unwrapping (wstBFC → stBFC)

2. Approve the stBFC spending cap (by the quantity to be unstaked)

3. Confirm unstaking

Transaction process when requesting unstaking with stBFC

1. Approve the stBFC spending cap (by the quantity to be unstaked)

2. Confirm unstaking

Step 4. Withdrawing after the unstaking period is up

You can check your withdrawal status to see if your unstaking request was successfully processed. After the unstaking period, the status will be marked as 'Available' for withdrawal and the Withdraw button will be activated. Clicking this button and approving the transaction will withdraw the amount of BFC requested.

Withdraw

Want to immediately withdraw your BFC?

Visit Immediate Withdrawals From Everdex!