Unstaking savAssets
Unstaking is the process of converting a savAsset (e.g., savUSD) back into its corresponding avAsset (e.g., avUSD). This process involves a cooldown period, after which you can withdraw the avAsset to your wallet.
Step-by-Step Guide
Navigate to the Portfolio Page: Go to the Portfolio section of the app.
Select Asset to Unstake: Click the Unstake button next to the
savAsset(e.g.,savUSD) you want to unstake.Enter the Amount: Input the amount you wish to unstake and click the Unstake button.
Confirm the Transaction: Approve the transaction in your wallet.
Wait for the Cooldown: After confirming your unstaking, the dashboard will show your unstaking amount. Click for details to see the exact time your funds will be ready. During this period, your funds are locked and earn no yield.
Withdraw Your Funds: Once the cooldown period is over, return to the dashboard or Unstake panel and click the Withdraw button. This will send the underlying
avAsset(e.g.avUSD) to your wallet.
Waiting Periods
The cooldown period varies for each savAsset. The current waiting periods are:
savUSD→avUSD: 24 hourssavBTC→avBTC: 7 days
Tip: Instant Unstaking via DEXes
If you need to access your funds immediately without waiting for the cooldown period, you may be able to swap your staked tokens (e.g., savUSD) directly on decentralized exchanges (DEXes) such as Uniswap, LFJ, and Pharaoh. This option depends on the liquidity available on the DEX. You can check liquidity for Avant's tokens on various DEXes here.
Important: Unstaking More
If you initiate another unstaking request while you already have funds in a cooldown period, the cooldown timer for all your unstaked funds (both currently cooling down and the newly unstaked amount) will reset. This means the entire combined amount will be subject to the full cooldown period again, starting from the time of your latest unstaking transaction.
Last updated