Withdrawing From Staking

Step-by-Step Guide to Withdrawing your staked $LUKT tokens

Guide to Withdrawing Staked $LUKT

Withdrawing your staked $LUKT tokens involves an off-chain request followed by an on-chain transaction. Here's how to navigate the process smoothly:

Step 1: Initiating the Withdrawal Request (Off-Chain)

• Access the Application: Log into the $LUKT project application where your tokens are staked.

• Navigate to Staking: Go to the 'Staking' section to see your staked tokens.

• Initiate Withdrawal: Click "Unstake Now" and enter the amount of $LUKT tokens you wish to withdraw, mindful of any applicable minimum requirements or fees.

• Confirm Request: After specifying the amount, confirm your withdrawal. This off-chain step doesn't incur a fee but stops your tokens from earning APY, marking them for unstaking. They remain in the contract until the on-chain process is completed, necessitating the next step.

Step 2: Completing the Withdrawal (On-Chain)

• Wait for Prompt: Following the off-chain processing, "Unstake Now" will prompt you again.

• Initiate On-Chain Transaction: Click "Unstake Now" to open your ERC20 wallet automatically.

• Approve Transaction: Your wallet shows the transaction details, including the unstaking amount and destination. Check for correctness and note the gas fee, dependent on Ethereum network congestion.

• Confirm Withdrawal: Authorize the transaction in your wallet to transfer the tokens back to you, recording this on the blockchain.

Step 3 : Verification

• Verify Wallet Balance: After the transaction is confirmed by the network, check your wallet to ensure the receipt of your unstaked $LUKT tokens.

This three-step process, blending off-chain initiation with on-chain confirmation, ensures a secure and straightforward withdrawal of your staked $LUKT tokens, allowing you to manage your tokens efficiently.