Unstake

Stakers can exchange their stake receipt tokens for the underlying asset they staked in the Rewards Manager (typically a Safety Module deposit receipt token). There is no delay to unstake - stakers can immediately unstake from a Rewards Manager.

Using CozyRouter to unstake assets

The recommended way to programmatically unstake assets is to call CozyRouter.unstake (see CozyRouter):

function unstake(
    IRewardsManager rewardsManager_,
    uint16 stakePoolId_,
    uint256 stakeReceiptTokenAmount,
    address receiver_
) public payable returns (uint256 stakeAssetAmount_);

This method will internally callRewardsManager.unstake.

Prior to calling this function, the user must have approved CozyRouter to a spend sufficient amount of their StakePool.stakeReceiptToken balance.

Unstake mechanics

On RewardsManager.unstake, we follow the following steps:

• Claim rewards on behalf of the owner_, transferring the reward assets to receiver_.

• Decrement StakePool.amount.

• Burn the owner_'s stake receipt tokens.

• Transfer the receiver_ the relevant amount of stake assets.

• Emit a Unstaked event.