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Unbonding

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
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  • Find your stake on the list (if you have several) and press the minus sign
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  • 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
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  • 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
  • How to find the hash
    • Go to the main page of BIP Wallet and select the Transactions tab
    • Select the transaction you’re after
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    • Then tap the block number
    • A Minter Explorer page with transaction details will open, where you can find the transaction hash
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Using Minter Console

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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
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  • Check the validity of the data and press Confirm
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  • 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
  • How to find the hash
    • 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
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