Unbonding is an operation reverse to delegation. When delegating, you "freeze" the coins at the validator’s stake; when unbonding, you "unfreeze" them back into your wallet.
Another property of this transaction is that it's sent immediately (~5 seconds), but the funds only arrive at your balance in 518 400 blocks (~28 days). In these 28 days, you will not be receiving any rewards from the stake you're unbonding. Keep this in mind when making decision.
How to unbond
Using BIP Wallet
- Open BIP Wallet and tap Delegated Balance
- Find your stake on the list (if you have several) and press the minus sign
- Enter the amount of coins you want to unbond. Keep in mind that the unbond transaction has a 5 BIP fee
- Check the validity of all entered data, go over everything before you make the decision, then press Confirm
- After completing the transaction, you’ll have access to the transaction hash (Mt..), which you can copy-paste into Chainik and get an exact date of the money's arrival at your wallet
- Go to the main page of BIP Wallet and select the Transactions tab
- Select the transaction you’re after
- Then tap the block number
- A Minter Explorer page with transaction details will open, where you can find the transaction hash
How to find the hash
Using Minter Console
- Go to Minter Console and log into your wallet
- Go to the Delegation tab
The unbond block is located below the delegation block
- Insert the public validator key which you want to unbond from
- Select the coin to take back and specify the amount Note: the unbond transaction has a 5 BIP fee
- Click Unbond
- Check the validity of the data and press Confirm
- After completing the transaction, you’ll have access to the transaction hash (Mt..) that you can copy-paste into Chainik and get an exact date of the money's arrival at your wallet
- Go to the Wallet tab
- Below is a list of all your transactions, every transaction line begins with the hash, all you have to do now is find the transaction you’re after
How to find the hash
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