Veno Finance

How to unstake ETH

Step 1: Navigate to the Unstake tab and click Unstake ETH.
Step 2: Input the desired LETH amount for unstaking. Note that it may take up to 7 days to complete the following unstaking process before you can claim your ETH:
  • Batching (1-2 days): LETH unstaking requests are processed in 2 day batches. The withdrawal process starts once a batch is finalized at the end of the 2nd day. If you unstake on the 1st day of the 2 day batch, you will only have to wait for 1 day of processing period before the batch is finalized.
  • Withdrawal (1-5 days on average): The withdrawal period is the time it takes to withdraw your ETH from the staking pool on Ethereum. Usually this takes 1-2 days. However, as the pool processes withdrawals on a first come first serve basis, this period can take longer if a large amount of ETH has been requested for withdrawal.
  • Claimable: Once the ETH has been withdrawn on Ethereum, Veno bridges it back to ZkSync Era, ready for you to claim.
Step 3: Click Unstake to proceed.
Step 4: Review the amount to unstake, the withdrawal fee and the expected unlock date. Click Confirm unstaking to submit the request.
Step 5: Confirm the transaction on your wallet.
Step 6: When the transaction is completed, you will receive a NFT which represents your share of ETH when it is undergoing its unbonding period. You can either hold this NFT until expiry or sell it on Element to others.