Redeem Staked Tokens

After the maturity time of a staking contract, status of staking contract will convert to "Matured", you can unstake and redeem the staked amount of the contract.

By unstaking a "Matured" staking contract and redeeming staked tokens, you would burn your staking NFT of the contract. You would not be able to withdraw rewards from the contract anymore, please make sure you have withdrawn all the rewards produced from the contract before you unstake.

You'll need to connect wallet to SOFIL DApp before you can redeem staked amount.

1. Navigate to the My Staking page

Click on "Menu" icon on the top right corner of SOFIL DApp, click on "My Staking", and you will be navigated to the My Staking page.

2. Unstake a staking contract

We'll use the "Staking Contracts" part of My Staking page to unstake a staking contract and redeem the staked amount. Only staked amount of "Matured" staking contracts can be redeemed.

Switch to the overview part of each staking contract to "Matured", and click on the right arrow beside your "Matured" staking contracts.

Details of "Matured" staking contracts will be shown as below:

Click here to view the explanations of a staking contracts details.

If there are remaining withdrawable rewards in the staking contract, you can click on "WITHDRAW" to withdraw all remaining staking rewards. Click here to view more information about withdrawing staking rewards.

After you confirmed all the staking rewards have been withdrawn (no more withdrawable rewards are available), you can then click on "UNSTAKE" to redeem staked amount.

An alert will pop-up on your screen.

Click on "CONFIRM" and your wallet will then be interacted with the smart contracts of SOFIL platform on the blockchain.

As SOFIL platform is a DApp, please prepare the native token of the blockchain in your wallet to pay the gas fee for blockchain interaction. For example, please prepare BNB for withdrawing rewards from staking contracts based on BNB Smart Chain. Click here to view how to get your tokens ready.

During the processing, you can check the blockchain transaction by clicking the message ID, or you can just click on the cross to close the processing screen.

After the blockchain processing completed, your staking NFT would be burned and the redeemed amount would be successfully gone to your connected wallet. You can check your wallet balance to see if you have received the redeemed amount.