How to Stop Staking
Follow these steps to stop staking on Aleph Zero, a secure blockchain with zk-proof technology.
Regardless of whether you are a direct nominator or a member of a nomination pool, you can decide to decrease your stake or withdraw from staking at any time. In either case, you will need to wait through the 14-day unbonding period before your coins are released and become transferable.
Direct nomination
To decrease the amount of staked coins, but keep being a nominator please:
Access the Staking Tab: Go to the Staking tab of the testnet and navigate to the Accounts tab. Ensure that Stashed mode is enabled in the top left corner. You will see a list of all your accounts participating in direct nominations.
Select Your Account: For the account from which you wish to reduce your stake, click the three dots at the end of the line and select Unbond funds.
Specify the Amount: In the pop-up menu, choose the amount of coins you would like to unbond. Please remember that you cannot decrease your stake below the minimum amount of 2,000 PHRON.
Complete the Unbonding Process: Click Unbond and sign the transaction.
View Your Updated Nomination: In the Accounts tab, your newly modified nomination will result in a new entry appearing in the bonded column. The amount you decided to unbond will be indicated with a clock icon. Hovering over the clock will show you how many eras are left in the unbonding period.
Withdraw Unbonded Funds: After the unbonding period is complete, click the three dots button again and select Withdraw unbonded funds. Note that this option is available only if your account has funds that have finished unbonding and are ready to be withdrawn.
Finalize the Withdrawal: Sign the transaction. Your unbonded coins are now transferable.
To unstake all your coins and stop being a nominator please:
Access the Staking Tab: Navigate to the Staking tab of the testnet and select the Accounts tab. Ensure that Stashed mode is enabled in the top left corner. You will see a list of all your accounts participating in direct nominations.
Stop Nominating: For the account from which you wish to stop nominating, click the Stop button at the end of the line and sign the transaction in the pop-up window.
Unbond Funds:
Click the three dots at the end of the line and select Unbond funds.
In the pop-up menu, enable the All Bonded toggle to ensure all your funds will be subject to unbonding. Entering the full value without this toggle on may not work due to fractional coins that are not displayed in the UI.
Complete the Unbonding Process: Click Unbond and sign the transaction.
Monitor the Unbonding Period: In the Accounts tab, your modified nomination will now show a clock icon in the bonded column. Hovering over this icon will display how many eras are left in the unbonding period.
Withdraw Unbonded Funds: After the unbonding period is complete, click the three dots button again and select Withdraw unbonded funds. This option will be available only when your account has funds that have finished unbonding and are ready for withdrawal.
Finalize the Withdrawal: Sign the transaction. Your unbonded coins are now transferable.
Nomination pools
For members of nomination pools the procedure of decreasing the amount of staked coins is almost the same as the one for completely leaving the pool. Please follow the steps below:
Unbonding Funds from the Nomination Pool
Access the Staking Tab: Navigate to the Staking tab of the testnet. Ensure that the Pooled mode is enabled in the top left corner.
View Your Accounts: In the Accounts section, you'll see a list of all your accounts participating in the nomination pools.
Select the Account: For the account from which you want to reduce your stake, click on the three dots at the end of the line, then select Unbond funds.
Choose the Amount to Unbond:
In the pop-up menu, specify the amount of coins you wish to unbond.
Important: You must maintain a minimum balance of 10 PHRON to remain a member of the nomination pool. If you intend to leave the pool entirely, toggle on the All Bonded option to unbond the entire amount. This ensures that you account for any fractional coins that may not be visible in the UI.
Confirm the Unbonding: Click Unbond and sign the transaction to initiate the process.
Monitor the Unbonding Status: In the Accounts tab, you'll notice a clock icon appearing in the Bonded column next to the amount you chose to unbond. Hovering over the clock will display the number of eras remaining in the unbonding period.
Withdraw Unbonded Funds: After the unbonding period is complete:
Click the three dots button again and select Withdraw Unbonded. Note that this option will only be available if your account has unbonded funds ready for withdrawal.
Sign the transaction to transfer your unbonded coins back to your account.
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