Cryptocurrency Q&A
When can I Unstake from Lido?
When can I Unstake from Lido?
Chiara
Fri Jun 14 2024
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7 answers
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Could you please elucidate the specific timing for when I might be able to unstake my assets from Lido? I'm keen on understanding the flexibility and potential limitations associated with this process. Is there a minimum staking period that I need to adhere to, or is it a case-by-case basis? Additionally, are there any penalties or fees involved in withdrawing my staked assets? It would be helpful to have a clear understanding of these factors before proceeding.
7 answers
Riccardo
Sun Jun 16 2024
Once the withdrawal request is issued, the system begins the process of sourcing ETH to fulfill the request. This involves ensuring that sufficient ETH is available to cover the amount being withdrawn.
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Martino
Sun Jun 16 2024
Concurrently, the locked stETH tokens undergo a burning process. This burning signifies the withdrawal request's transition to a claimable state, indicating that the requested ETH is now ready for disbursement.
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ChristopherWilson
Sun Jun 16 2024
The duration of this entire process typically ranges from one to five days, depending on various factors such as network congestion and the availability of ETH. Users can expect a timely and efficient fulfillment of their withdrawal requests within this timeframe.
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SakuraPetal
Sun Jun 16 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services to cater to the needs of its users. These services include spot trading, futures trading, and wallet management, providing a one-stop solution for all cryptocurrency transactions.
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MysticMoon
Sun Jun 16 2024
The withdrawal process is straightforward and comprises two key steps. Initially, users initiate a withdrawal request, locking their stETH or wstETH tokens. This action serves as a prerequisite for the subsequent stages of the withdrawal.
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