Redemption

How to redeem

  1. Open imToken, switch to the Browser page. Enter β€œLON” in the search box and open the DApp

  2. Click "Staking" to enter the LON Staking page

  3. Scroll down to the bottom of the page, click "Redeem", enter the amount of xLON to be withdrawn and click "Confirm"

  4. Since there is a 7-day unlock period for LON redeem, after you click "Confirm" in the previous step, you will see the "Lon Redeem Instructions" prompt. Click "Trigger Unlock Period" to start the unlock period countdown. After the countdown starts, you have two options:

    1. Wait for the 7-day unlocking period to end, enter the second step "Redeem" page, click "Redeem Now" to get back the corresponding LON without paying a penalty

    2. If you need to redeem in advance before the end of the unlock period, you can click "Forced Redemption" on the "Unlock Countdown" page, and you can redeem the staked LON in advance by paying the penalty amount (the penalty ratio decreases linearly with the countdown)

    Video:https://www.youtube.com/watch?v=tKxs7NhV8x8&feature=youtu.be

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