Unbonding Period on the Cronos PoS Chain
Why do I need to wait 28 days to unstake my CRO ?
If you're a delegator on the Cronos PoS Chain, you might wonder why there's a 28-day waiting period to unstake your CRO tokens. This period, known as the unbonding period, serves a crucial purpose in maintaining network security and stability.
This article is part of our general guide to staking on the Cronos PoS Chain.
Understanding the Purpose of the Unbonding Period
The unbonding period is designed to prevent potential network attacks and ensure the integrity of the Cronos Pos Chain. When you stake your CRO tokens, you're essentially contributing to the network's security by participating in the Proof of Stake (PoS) consensus mechanism. During this time, your tokens are actively involved in validating transactions and securing the network.
This period ensures that delegators have a vested interest in the long-term health of the network and prevents sudden, disruptive changes to the staking ecosystem. It's essentially a necessary precaution that helps with :
Network Security: The unbonding period acts as a safeguard against potential network attacks or manipulations. By imposing a waiting period, the network ensures that participants cannot unstake their tokens hastily in response to short-term market fluctuations or malicious activities.
Stability and Consensus: In a Proof-of-Stake (PoS) blockchain like Crypto.org Chain, validators and delegators play a pivotal role in maintaining network consensus. The unbonding period encourages commitment and discourages speculative behavior, fostering a more stable and resilient ecosystem.
Resource Allocation: Staking involves locking up tokens to support network operations and earn rewards. The unbonding period allows for orderly withdrawal of staked funds, preventing sudden liquidity shocks and ensuring that the network can adjust to changes in participation gradually.
As explained by the Cronos PoS desktop wallet, the duration of the unbonding period is 28 days
How to unbond using the Cronos PoS Desktop wallet
You may unbond your CRO in the staking section
Unbonding your CRO tokens is a straightforward process, facilitated through the Cronos PoS Desktop Wallet. Follow these steps to initiate the unbonding process:
- Open the Cronos PoS Desktop Wallet: Launch the Cronos PoS Desktop Wallet on your computer and log in using your credentials.
- Navigate to the Staking Section: Once logged in, navigate to the staking section of the wallet interface.
- Select Unbond: Within the staking section, locate the option to unbond your CRO tokens. Click on this option to initiate the unbonding process.
- Enter Unbonding Amount: Specify the amount of CRO tokens you wish to unbond from the staking pool. Take into consideration that the unbonding process will take 28 days to complete.
- Confirm Unbonding: After entering the unbonding amount, confirm your decision to initiate the unbonding process. Review the details carefully before proceeding.
- Transaction Confirmation: Once confirmed, the unbonding transaction will be broadcasted to the network. You may need to wait for a few moments for the transaction to be processed and confirmed.
- Patience is Key: Remember that the unbonding process takes 28 days to complete. During this period, your tokens will remain in the unbonding state, inaccessible for staking or transferring. Once the period is up, your CRO will be immediately available, there is nothing to do at this stage
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A community validator on the Cronos POS Chain
