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Unstaking

An NFT holder can unstake their MFI tokens at any time. Partial unstaking is not supported by the platform. The NFT holders must unstake 100% of their staked MFI tokens or none at all.

The NFT holder unstakes their MFI tokens by scrolling to the bottom of the “My Account” page and clicking the “Unstake” button. They will need to confirm the action multiple times and sign the unstaking transaction on-chain.

Upon signing, the 7-day unstaking process is initiated and all staking rewards and MetFier reward disbursements immediately cease. The unstaking process can be canceled at any time before the 7 days have elapsed by following and signing the cancel unstaking transaction. Upon canceling the unstaking process, all staking rewards and MetFier reward disbursements immediately recommence.

After 7 days have elapsed the NFT holder has 3 days to claim their MFI tokens. If claimed the NFT holder will receive all of their unstaked MFI tokens, minus a 10% unstaking tax that is automatically sent to the treasury and burned, reducing the circulating supply and benefitting all MFI NFT and token holders. If the MFI tokens are not claimed within 3 days, they are immediately returned to the NFT, and staking rewards and MetFier reward disbursements immediately recommence.