Unstake your CHZ
After staking CHZ to a Chiliz Chain validator, there might come a time when you want to take some (or all) of your CHZ back to your Web3 wallet: this means you would "unstake & claim" them.
The good news is that you can start this process at any moment, with any amount of CHZ.
Note: Unstaking is also called "undelegating".
There is a wait-time between unstaking your CHZ and claiming them back.
Chiliz Mainnet:
1 epoch is equivalent to 28,800 blocks, or approximately 1 day.
Once you have unstaked CHZ, you need to wait the end of the current epoch + 2 fully completed epochs (or 86,400 blocks) to claim them, or at most 3 days.
Spicy Testnet:
1 epoch is equivalent to 7,200 blocks, or approximately 6 hours.
Once you unstake CHZ, you need to wait the end of the current 1 epoch + 1 fully completed epoch to claim them, or at most 12 hours.
Steps to unstake & claim your CHZ from Chiliz Mainnet
Follow these steps:
Connect your MetaMask wallet to the Chiliz Staking dApp.
Click the "My Staking" button to access your current stakes.
Scroll down to the validator from which you want to get CHZ back, and click its "Unstake" button.
Enter the amount of CHZ you want to unstake. You can choose part of your stake, or all of it (click MAX).
Click "Unstake". Your Web3 wallet should open a window, asking you to validate the transaction. Confirm it.
⚠️ At this step, you can't withdraw the unstaked CHZ yet. You have to wait for 3 epochs to pass, which is roughly 3 days on Chiliz Mainnet.
Once this lapse of time has passed, you can return to your My Staking dashboard in order to claim your CHZ. Find the "Claim" button on the validator you requested to unstake from, and click it.
Confirm the transaction through your Web3 wallet.
And you're done! Your CHZ should soon appear in your Web3 wallet.
About the cooling period Why does it take that long to claim unstaked CHZ? When you unstake/undelegate CHZ, there is an "undelegate period", or "cooling period", during which your CHZ are not yet available to you. This is a standard for all blockchain staking mechanisms.
On Chiliz Mainnet, this cooling period lasts 2 fully completed epochs (or 86,400 blocks, or to put it simply, at most 3 days).
That is why, after unstaking CHZ, your indicated amount of unstaked CHZ will appear in the "Pending" column of your My Staking page, until 2 full epochs have passed. After those 2 full epochs have passed, your CHZ will be in the "Claimable" column, meaning that you can claim them using the "Claim" button that now appears in the interface.
About the way epochs work Why wait 3 days when it says 2 epochs, and 1 epoch ≈ 1 day?
The cooling period technically takes 2 full epochs to complete, but to account for the end of the current epoch, it's safer to wait for the start of the 3rd epoch (at 86,400 blocks, or roughly 3 days).
Hence, when estimating the time when you can claim your unstaked CHZ, you should factor in the current epoch's end and 2 subsequent epochs.
When you unstake your CHZ, you cannot unstake again right away. You need to wait for the end of the cooling period in order to do so.
So be sure to enter the correct amount to unstake before confirming the transaction.
How do I claim my rewards?
A reminder on compound reward
Your rewards are compounded to your staked CHZ. This way, even your rewards can bring you even more rewards!
The rewards cannot be claimed separately from the stake; you have to unstake your CHZ then claim them all: initial stake and the compounded rewards.
You can claim your CHZ rewards when roughly 3 days (86,400 blocks) have passed since you unstaked them.
Hence, in order to claim your rewards, you must first unstake a given amount (see above), wait 3 days, then follow the relevant steps below.
Claim rewards as a Delegator
Once you have unstaked your CHZ and waited the necessary 3 days (see above), you can do the following:
Connect your MetaMask wallet to the Chiliz Staking dApp.
Find the "Claim" button on the validator you are currently staking to and click on it.
This will open your MetaMask wallet: confirm the transaction, and you're done!
As for your reward, since the system auto-compounds itself, your reward is ultimately part of your stake, and thus of your unstaked/claimed CHZ.
Claim rewards as a Validator
As a Chiliz Chain Validator, you receive two types of rewards:
your validator commission fee,
rewards accumulated based on your original stake.
Those two rewards are nonetheless compounded, and cannot be separated when undelegating and claiming CHZ.
Note: The validator commission can only be claimed by the validator node address.
Once you have unstaked your CHZ and waiting the necessary 3 days, you can do the following:
Connect your MetaMask wallet to the Chiliz Staking dApp.
Find the "Claim Validator Rewards" button in your validator row, and click on it.
This will open your Web3 wallet: confirm the transaction, and you're done!
Steps to unstake your CHZ from Spicy Testnet
If you staked on Spicy Testnet for testing purposes, you can test unstaking too of course.
To switch the Chiliz Staking dApp from Mainnet to Testnet, click this icon:
It opens the network switching modal:
Click "Chiliz Chain Spicy" to stake on Spicy Testnet.
The procedure is then the same, except for these network details:
Epoch: 7,200 blocks, roughly equivalent to 6 hours.
Wait time until you can claim your reward: 1 full epoch, so at most 12 hours.
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