On previous writeup we talked about what staking was, it's various benefits that comes with, why the need to stake, and we also highlighted the process one can stake on PlatON Network via it's native wallet called ATON.
Staking is one of many ways to generate passive income as it allows one to retain His/Her asset while also gaining passive income that can go from few dollars to hundreds and best part, your asset can be easily withdrawn whenever you see the need.
Previously we talked excessively on ways one would follow to stake their LAT asset and today's writeup will be focused on unstaking.
As the name describe, this simply has to do with the process one follow to claim back their asset from a vault, delegate, and what have you.
The process is as easy as staking but instead of clicking the stake icon, you will be clicking the unstake or rather undelegate option. Different platforms have their various staked period, some are flexible meaning unstaking is instant whereas others require some time to undelegate.
PlatON falls under the later as undelegation requires 56 settlement cycle for asset to be undelegated which can take up to 7 days. Users simply need to click on their staked delegate, input the desired amount they would love to unstake, click the undelegate option and confirm.
This takes 56 settlement cycle as mentioned above. Once completed, user simply need to withdraw their asset and it will be reflected immediately on their main wallet balance.
