👻Delayed LST unstaking in Phantom Wallet

A how-to guide on how to delayed unstake your LST in the Phantom Wallet.

This guide provides step-by-step instructions for converting the stake account you receive when delayed unstaking your Liquid Staking Token (LST) back to SOL using Phantom Wallet.

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Steps to Deactivate Your Stake Account and Unstake Your LST

1️⃣ Convert LST to a staking account

• Navigate to The Vault finance website or other decentralized application that supports your LST.

• Connect your Phantom wallet to the platform.

• Select the option to unstake your LST for SOL and choose the delayed option, which means you receive a stake account instead of SOL.

• Specify the amount of LST you want to convert.

• Confirm the transaction in your Phantom wallet.

2️⃣ Open Phantom and Navigate to Staking

• Open Phantom Wallet in full-screen mode by clicking the icon at the top right of the pop-up wallet.

• Click on the Staking tab.

3️⃣ Locate Your Staked LST

• Find the stake account or accounts you received when ustaking the LST on The Vault’s web app.

• Click on the stake account to view its details.

4️⃣ Deactivate Your Stake Account

• Click "Unstake" to begin the process.

• Confirm the transaction in your wallet.

• Your stake account will enter the deactivating state, and you will need to wait for the unstaking period to complete before withdrawing your SOL.

5️⃣ Wait for the Unstaking Period to Complete

• The unstaking process follows Solana’s epoch system, typically taking 2-3 days.

• To check the estimated time for completion, click on the Unstaking stake account in the list.

• You can also monitor epoch progress on:

  • solanabeach.io

  • explorer.solana.com

6️⃣ Withdraw SOL

• Once the stake account is fully deactivated, return to the Staking section in Phantom.

• Click Withdraw to move the SOL from your unstaked LST back to your main wallet balance.

7️⃣ Receive SOL in Your Wallet

• Once the transaction is confirmed, the SOL will appear in your Solfare wallet's main balance.

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Important Notes

1. Stake Account Must Be Deactivated First

• The delayed unstaking process requires that your stake account be deactivated before you can withdraw your SOL.

1. Transaction Fees

• Ensure you have enough SOL in your wallet to cover transaction fees (~0.05 SOL recommended).

1. Instant vs. Delayed Unstaking

• Users may have access to instant unstaking, which could be more or less than the actual value for the LST depending on market conditions, but to receive the exact value requires delayed unstaking, where a stake account must be deactivated first before having access to the ustaked SOL.

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By following these steps, you can successfully withdraw your LST, deactivate your stake account, and convert it into SOL using Phantom Wallet!