As Lido on Polygon contributors begin its sunsetting process, it’s essential for stMATIC holders to understand how to unstake their tokens and claim their POL/MATIC. This guide walks you through each step to ensure a smooth withdrawal process.
Key Dates
December 16, 2024: Staking on Lido for Polygon will be discontinued. No new stMATIC mints will be accepted.
January 15-22, 2025: Protocol will temporarily pause and then resume operations. No withdrawals can be processed during this period.
June 16, 2025: The Lido on Polygon frontend will no longer support withdrawals. After this date, users must use explorer tools to unstake their stMATIC.
Unstaking Your stMATIC (On Ethereum)
Follow these steps to unstake your stMATIC and initiate the unbonding process.
Note that the steps below should be completed on the Ethereum Network.
Step 1: Access the Unstake Tab
Open the Lido on Polygon app.
Navigate to the ‘Unstake’ tab.
Enter the amount of stMATIC you wish to unstake.
Click the ‘Unlock Tokens’ button.
Step 2: Confirm the Unlocking Transaction
A confirmation prompt will appear from your connected wallet.
Approve the transaction to authorize the stMATIC smart contract to unlock your tokens.
Once the transaction is confirmed, a success message will be displayed in the app.
Step 3: Unstake Your stMATIC
After the unlocking process is complete, the ‘Unstake’ button will become visible.
Click the Unstake button.
Confirm the unstaking transaction in your wallet.
Wait for the transaction to be processed. Once complete, a confirmation dialog will display with a success message.
Step 4: Receive an NFT Voucher
Upon successful unstaking, you will receive an NFT voucher representing your claim to the POL/MATIC tokens after the unbonding period (approximately 9 days).
Claiming Your MATIC Tokens
Once the unbonding period is complete, follow these steps to claim your POL/MATIC tokens:
Step 1: Access the ‘Claim’ Tab
Return to the Lido on Polygon app.
Navigate to the ‘Claim’ tab.
Click the Claim button to submit your NFT voucher.
Step 2: Confirm the Claim Transaction
A confirmation prompt will appear from your wallet.
Approve the transaction to burn the NFT and release your POL/MATIC tokens.
Step 3: Complete the Claim Process
Wait for the transaction to be processed.
Once completed, a success message will display in the app: “Reward Claimed.”
Your POL/MATIC tokens will be credited directly to your wallet.
Additional Resources
For more detailed instructions, visit the Lido on Polygon Documentation.
If you encounter any issues during the unstaking or claiming process, reach out to Lido protocol’s contributors through Discord or Telegram.
Make sure to complete all necessary steps before June 16, 2025 to ensure a seamless transition of your staked assets.