Restaking Guides

These guides will walk you through how BTC holders, and BTC LSD holders can restake, withdraw and earn points on the Pell Network Web App.

Deposit

2. Connect your wallet

3. At the top of the dashboard page, you can view how many points you accumulated, the amount of assets you restaked denominated in BTC, the amount of assets you restaked denominated in USD, and at the top right corner of the screen, your referral codes that you can share with your friends

4. On the restake page, click on the asset that you want to restake

5. In the selected assets page, navigate to the order box and click on the "Deposit" tab. Enter the amount that you want to deposit, sign an approval transaction, and then restake

6. Click "Deposit" and wait for the deposit transaction to be confirmed

7. Once your deposit transaction is confirmed, a successful transaction notification will appear

8. Congrats! You are now restaked and earning points on your assets

Don't forget to share your referral code with your friends and restake more assets to earn more points

Withdraw

2. Connect your wallet

3. Navigate to the page of the asset you want to withdraw

4. In the form, click on the "Unstake" tab. Enter the amount of the restaked asset you want to withdraw, then click "Unstake"

5. Once you click "Unstake" the unstaking period begins. Note that for security reasons, the withdrawal period takes 7 days and cannot be reversed. Also note, you stop earning points once you unstake

6. Once 7 days have passed by since you unstaked, navigate to the "Withdraw" tab. Your assets will now be available to withdraw

7. Click "Withdraw" to finish withdrawing your assets

Cooldown Period (Withdrawal Delay)​

Pell Network contracts implement a 7-day withdrawal delay for LSD tokens, serving as a crucial security measure in the event of vulnerability disclosures or detection of abnormal activities by monitoring systems.

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Last updated 29 days ago