Unstaking MFI

An NFT holder can unstake their MFI tokens at any time. Partial unstaking is not supported by the platform so you have the option to unstake 100% of your 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 MFI multiplier 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 at the bottom of the ‘My Account’ page. Upon canceling the unstaking process, all MFI multiplier rewards and MetFier reward disbursements immediately recommence.

After the 7-day unstaking process has 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 in their wallet, minus a 10% unstaking fee that is automatically sent to the treasury and burned, reducing the total supply of MFI, 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 MFI multiplier rewards and MetFier reward disbursements immediately recommence.

Later this year (2023) users will have the option to burn some of their staked MFI in exchange for assets held by the treasury (Treasury Claims).