Move Stake and Instant Unstake
Perform validator actions now, not in 1 week
Last updated
Perform validator actions now, not in 1 week
Last updated
LSU Pool allows for instant validator actions that would normally take 1 week (since unstaking from a node takes 2016 * 5 minute epochs)
With LSU Pool you can move stake between validators easily! Simply swap your LSUs for different LSUs that are already in the pool. The amount you can swap is limited by the liquidity of the new token in the pool.
Hover over your staked validators (at the top of the list) and select 'Move'.
You'll get a pop-up which allows you to directly switch to another eligible validator
In the graphic above we see:
1000 CaviarNine-India LSUs swapped for
999.33688746 RadixPool LSUs.
Each LSU has its own price in XRD. At the time of writing (shortly post Babylon) the LSU prices in XRD are, respectively, 1.00388 and 1.00384.
Calculating the XRD equivalents we get:
1003.88 XRD of CaviarNine-India LSUs swapped for
1003.17 XRD of RadixPool LSUs.
The difference in value being the 0.07% fee as outlined below.
Moving stake costs 0.07% which is broken down as follows:
0.05% switching fee which goes to the LSU Pool itself
0.01% protocol fee which goes to the FLOOP Treasury
0.01% reserve fee which accumulates and can be used in the future to remove bad LSUs from the pool^
^ 'bad' LSUs here could mean those with raised fees or frequent missed proposals that could otherwise drag the performance of the pool.
A more in-depth look at Instant Unstake can be found here
Instant Unstake does what it suggests - switch your LSUs instantly for XRD.
It does this by:
Adding your LSUs to the LSU Pool
Swapping your credited LSULP tokens for XRD using the LSULP / XRD Shape Liquidity pool.
Hover over your validator and select 'Unstake'
You now have the choice of:
unstaking normally (using the Radix protocol)
unstaking Instantly
If you unstake normally (using the Radix protocol) then:
There will be no charge other than the usual Radix unstake fee
You will receive your XRD stake back in 7 days
If you Instant Unstake then:
You will get your XRD back instantly
You will pay LSULP / XRD Shape Liquidity swap fees of 0.20% (currently)
You may suffer slippage due to the depth of the LSULP / XRD pool
The Instant Unstake popup will show you the likely XRD you will receive after fees and slippage (in this case 986.4 XRD for 1000 LSUs unstaked).
You can add a minimum guarantee XRD amount via your wallet to limit further slippage
