When you unstake, you exchange your nICP back into ICP through the Waterneuron protocol. Learn more about staking with Waterneuron.
There are two ways to unstake:
1. Delayed Unstake (via Protocol)
You can choose to unstake directly through the Waterneuron protocol. In this case, your nICP will be burned, and the corresponding ICP will be returned to you after a 6-month delay. During this time, you won’t earn APY.
Steps:
Go to the DeFi Hub in Plug (second tab at the bottom).
Tap Staking, then switch to the Unstake tab.
Choose Delayed, enter the amount, and confirm.
Your nICP will be deducted, and ICP will be sent to your wallet in 6 months.
2. Immediate Unstake (via DEX)
You can also swap nICP for ICP instantly using a DEX. You’ll receive ICP right away, but usually at a slight discount compared to delayed unstaking.
Steps:
Go to the DeFi Hub in Plug (second tab at the bottom).
Tap Staking, then switch to the Unstake tab.
Choose Immediate, confirm, and you’ll receive ICP instantly.