How does the process of unbonding work in relation to digital assets?

1 answers

• Joseph ShullJun 14, 2023 · 2 years ago
  Unbonding is a process that allows users to withdraw their digital assets from a staking pool or platform. It's an essential step for those who want to regain control over their assets. Let's take BYDFi as an example. If you have staked your assets on BYDFi, you can initiate the unbonding process by submitting an unbonding request. This request will go through a waiting period, during which your assets remain locked. After the waiting period, your assets are released, and you can freely transfer or sell them. It's important to understand that the waiting period is necessary to ensure the security and stability of the network. By allowing users to unbond their assets, platforms like BYDFi provide flexibility and liquidity to digital asset holders.
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