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ATOM staking & unstaking
Users can stake their ATOM on the Stake ATOM page to receive LATOM based on the latest internal exchange rate. Veno will bridge users' ATOM from Cronos chain to CosmosHub, which will be staked and auto-compounded on the CosmosHub validators selected by Veno.
Users can unstake their ATOM on Veno, upon which their LATOM will be burnt, and wait up to 24 days to receive their ATOM back, based on the exchange rate. There will also be a small withdrawal fee of 0.2% on unstaked ATOM. Note: ATOM takes 21 days to unstake on CosmosHub, and unstaking will be performed in batches every 3 days, hence the maximum wait time of up to 24 days.
Upon requesting to unstake their ATOM, users will receive an NFT representing their claimable ATOM as of a specific date, which can be transferred/sold on selected third party NFT platforms during or after the 21-24 day waiting period to further enhance users’ liquidity. Note: The unstaked ATOM will be claimable for the NFT owner at the end of the waiting period. So do hold on to the NFT if you wish to receive the unstaked CRO.