Unstake LP Tokens#
When you want to withdraw your liquidity provider tokens from the SLOHM staking contract, you can unstake them at any time. This guide covers the unstaking process and what to expect.
When to Unstake#
You may want to unstake your LP tokens if you need to:
- Remove liquidity from the underlying pool.
- Rebalance your position across different pools.
- Withdraw your assets entirely.
Keep in mind that unstaking stops your LP tokens from earning protocol staking rewards. You will still earn trading fees from the pool as long as you hold the LP tokens.
Step-by-Step Guide#
1. Connect Your Wallet#
Navigate to the SLOHM app and connect your OPWallet or UniSat wallet.
2. Navigate to LP Staking#
Select the LP staking section in the app interface. You will see your staked LP positions and any accumulated rewards.
3. Claim Outstanding Rewards#
Before unstaking, claim any accumulated rewards. While unclaimed rewards are not lost during unstaking, it is good practice to claim them first.
4. Enter Unstake Amount#
Select the LP token position you want to unstake and enter the amount. You can unstake a partial amount or your full staked balance.
5. Confirm the Transaction#
Review the unstaking details and confirm the transaction. Your wallet will prompt you to sign. Once confirmed, your LP tokens are returned to your wallet.
After Unstaking#
Once your LP tokens are back in your wallet, you can:
- Remove liquidity. Return the LP tokens to the DEX to withdraw your underlying assets from the pool.
- Re-stake. If you want to resume earning protocol rewards, you can stake your LP tokens again at any time.
- Hold. Continue holding LP tokens to earn trading fees from the pool without protocol staking rewards.
What's Next?#
To stake LP tokens again, see Stake LP Tokens. To learn about staking SLOHM directly for rebase rewards, see Staking.
