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Unstake yb-LP

Unstaking moves yb-LP from the gauge, the staking contract of the market, back to your wallet. In the app, your gauge shares are your Staked Vault position. Unstaked yb-LP earns Fundamental yield (FT APY), Fundamental Value growth from trading fees, instead of YB emissions. To decide whether to unstake, compare the two positions in Staked and unstaked economics.

You do not need to unstake to claim YB. To claim, select Staked Vault, and then Claim. You can claim before or after you unstake.

To exit the market, follow Withdraw liquidity instead. In that guide, you check the Temporary Redemption Discount first, and then unstake and withdraw in one step.

Prerequisites​

Check that you have each of these:

  • Gauge shares in your wallet.
  • ETH for gas.

Steps​

  1. Go to yieldbasis.com.

  2. Open Earn, and then My Markets.

  3. Select the market.

  4. Select Staked Vault, and then Convert. In the app, a conversion from Staked Vault to Yield Bearing Vault is an unstake.

  5. Enter the amount to unstake.

    The yb-LP behind each gauge share changes over time. So the yb-LP that you receive can differ from the amount that you staked. For why it changes, read Watermark and recovery.

  6. Submit the conversion to unstake the yb-LP.

  7. Sign the transaction.

Result​

The gauge burns your gauge shares and returns their yb-LP to your wallet.

If the balance does not appear, import the yb-LP token in your wallet with its address from Contract addresses.