Withdrawals

Users can unstake their stETH or wstETH through withdrawals. Upon unstaking stETH, they will receive ETH at a 1:1 ratio. When unstaking wstETH, the unwrapping process will take place seamlessly in the background.

The withdrawal process is simple and has two steps:

1. Request withdrawal: Lock your stETH/wstETH by issuing a withdrawal request. ETH is sourced to fulfill the request, and then locked stETH is burned, which marks the withdrawal request as claimable. Under normal circumstances, this can take anywhere between 1-5 days.
2. Claim: Claim your ETH after the withdrawal request has been processed.

Press the Request tab, choose an amount of stETH/wstETH to withdraw, then press ‘Request withdrawal’. Confirm the transaction using your wallet and press ‘Claim’ on the Claim tab once it is ready.

Yes. Stakers can transform their stETH to ETH 1:1 using the Request and Claim tabs.

Yes. You can transform your wstETH to ETH using the Request and Claim tabs. Note that, under the hood, wstETH will unwrap to stETH first, so your request will be denominated in stETH.

When you request to withdraw wstETH, it is automatically unwrapped into stETH, which then gets transformed into ETH. The main withdrawal period is when stETH is transformed into ETH. That's why you see the amount pending denominated in stETH.

On Request tab interface, you can see the current estimation of the withdrawal waiting time for new requests. The withdrawal request time depends on the requested amount, the overall amount of stETH in the queue, and other factors.

• Demand for staking and unstaking.
• The amount of stETH in the queue.
• Protocols rules of finalization of requests.
• Exit queue on the Beacon chain.
• Performance of the validator poolside.
• The protocol mode (Turbo mode or Bunker mode)

No. After you request a withdrawal, the stETH/wstETH submitted for unstaking will not receive staking rewards on top of your submitted balance.

There’s no withdrawal fee, but as with any Ethereum interaction, there will be a network gas fee. Lido does not collect a fee when you request a withdrawal.

The waiting time could be changed due to several factors affecting waiting time. That's why it may either increase or decrease.

The amount you can claim may differ from your initial request due to a slashing occurrence and penalties. For these reasons, the total claimable reward amount could be reduced.

Turbo mode is a default mode used unless an emergency event affects the Ethereum network. In Turbo Mode, withdrawal requests are fulfilled quickly, using all available ETH from user deposits and rewards.

Bunker mode is an emergency mode that activates under three worst-case conditions (when penalties are large enough to significantly impact the protocol’s rewards).

Importantly, Bunker mode allows for orderly withdrawals to be still processed, albeit more slowly, during chaotic tail-risk scenarios (e.g. mass slashings or a significant portion of validators going offline).

Bunker mode is triggered under three conditions when the penalties might be big enough to have a significant impact on the protocol’s rewards:

1. Mass slashing.
2. Penalties exceeding rewards in the current period between two Oracle reports.
3. Lower than expected Lido validators' performance in the current period between two Oracle reports and penalties exceeding rewards at the end of it.

Slashing is a penalty that affects validators for intentional or accidental misbehavior.

Mass slashing event is when slashing penalties are big enough to have the impact on Protocol's rewards in the current frame or in the future, esp. midterm penalties.

Slashing penalties are spread across stakers and may lower your total reward amount. For more information, check out What Are Staking/Validator Penalties.

Most often, the stETH/wstETH withdrawal period will be from 1-5 days. However, if any scenarios cause Bunker mode to happen, this could be extended.

Request size should be at least ... wei (in stETH), and at most ... stETH.

If you want to withdraw more than ... stETH, your withdrawal request will be split into several requests, but you will still only pay one transaction fee.

Each withdrawal request is represented by an NFT: the NFT is automatically minted for you when you send a request. You will need to add it to your wallet to be able to monitor the request status. When the request is ready for the claim, the NFT will change it's appearance.

Different wallets have specific functionality for adding and working with NFT. Most often, you need to find the specific NFT Address and Token ID. These parameters you can find on Etherscan. Visit Etherscan, add your wallet, and locate the NFT transaction. Once located, open the NFT transaction, and you will see the Address and Token ID.

If you are a MetaMask user, use this guide.

Maybe your wallet doesn’t support the automatic changing of the NFT view. To renew the NFT, you can import the Address and Token ID of your NFT, and it could change it's appearance to a new “Ready to claim” one.