Lynn Brooke40 Acres - Overview
40 Acres introduces a new era of utility for veNFT holders, going beyond voting to unlock liquidity, automation, and passive income. Designed for users of veAERO and veVELO, this protocol enhances the way you interact with your locked assets - allowing you to borrow against them, automate compounding of rewards, and earn through lending. 🔍 What you will find in this article:What you need.Borrowing with veNFTs (without liquidation risk).How auto-compounding works.Earning yield through USDC le...
Lynn BrookeGetting Started with Rabby Wallet Mobile App
After familiarizing yourself with installing and starting the Rabby browser extension and the Rabby Desktop app, it's time to explore the Rabby Wallet's mobile application. Expanding the Rabby Wallet ecosystem to mobile devices enhances accessibility and convenience for managing digital assets on the go. This guide will specifically focus on importing a MetaMask address and adding a watch-only address. Quick Safety Tip for Mobile Wallets: When using mobile wallets, consider keeping ...
Lynn BrookeBridging xVELO to VELO: A Simple Guide
With Velodrome expanding as the Superchain hub, it has introduced xVELO as the token for non-Optimims networks like Ink, Soneium, and Mode. However, if you are looking to convert xVELO into VELO on Optimism, this guide will walk you thorugh two methods to get it done efficiently. 📌 What you will find in this article:How to swap xVELO to VELO using Velodrome’s native swap feature.How to use vFAT Tools as an alternative method.Useful tips for a smooth conversion process.✅ What you need:A walle...
✨Lynn Brooke exploring DeFi's world✨ Here I share simple how-to's from my experiences, easing the way for fellow DeFi explorers
In this article, we will walk trough the process of unstaking WELL o MFAM tokens from Moonwell’s Safety Module. When unstaking tokens, there is a mandatory 10-day cooldown period, followed by a 2-day window to complete the process.
Unstaking can be a bit different from staking, so it’s crucial to understand the cooldown period, how to track it, and how to successfully withdraw your assets.
What you will find in this article:
What you need:
Access to your wallet to confirm transactions.
WELL or MFAM tokens staked in the Safety Module. If you haven’t done this yet, check out my guide “Staking on Moonwell” to know how.
HOW TO UNSTAKE ON MOONWELL
Initiating the Cooldown Period
1)From the Moonwell app, click on “Stake” in the navigation bar.
2)Select “Activate Cooldown” to initiate the 10-day cooldown period.
3)Confirm the transaction in your wallet.
💡Note: you will continue to earn rewards during this cooldown period.
Tracking the Cooldown Progress
Head back to the “Stake” page, where you can monitor the cooldown status through indicators and countdown timers.
Unstaking within the 2-day window
1)Once the cooldown is complete, you will have a 2-day window to unstake your tokens.
2)Click the “Withdraw” button that appears below the cooldown indicator.
3)Review and confirm the transaction details in your wallet.
❗️Important: failing to unstake during the 2-day window will require you to start another 10-day cooldown.
What happens if you miss the window?
If you don’t withdraw within the 2-day period, you must reactivate the cooldown by following the initials steps once again (Initiating the Cooldown Period steps).
Staking during an active cooldown
If you stake additional WELL or MFAM tokens during the cooldown period, the cooldown will be extended rather than reset. The extension length depends on the proportion of new tokens added to the Safety Module.
This guide ensure you can efficiently manage your unstaking process while keeping track on key timings, so you don’t miss your withdrawal window. In the next article, we will explain how to manage and claim staking rewards.
Lynn Brooke
This article serves educational purposes and is not financial advice. We encourage you to do your own research and be responsible for your actions in the financial space.
In this article, we will walk trough the process of unstaking WELL o MFAM tokens from Moonwell’s Safety Module. When unstaking tokens, there is a mandatory 10-day cooldown period, followed by a 2-day window to complete the process.
Unstaking can be a bit different from staking, so it’s crucial to understand the cooldown period, how to track it, and how to successfully withdraw your assets.
What you will find in this article:
What you need:
Access to your wallet to confirm transactions.
WELL or MFAM tokens staked in the Safety Module. If you haven’t done this yet, check out my guide “Staking on Moonwell” to know how.
HOW TO UNSTAKE ON MOONWELL
Initiating the Cooldown Period
1)From the Moonwell app, click on “Stake” in the navigation bar.
2)Select “Activate Cooldown” to initiate the 10-day cooldown period.
3)Confirm the transaction in your wallet.
💡Note: you will continue to earn rewards during this cooldown period.
Tracking the Cooldown Progress
Head back to the “Stake” page, where you can monitor the cooldown status through indicators and countdown timers.
Unstaking within the 2-day window
1)Once the cooldown is complete, you will have a 2-day window to unstake your tokens.
2)Click the “Withdraw” button that appears below the cooldown indicator.
3)Review and confirm the transaction details in your wallet.
❗️Important: failing to unstake during the 2-day window will require you to start another 10-day cooldown.
What happens if you miss the window?
If you don’t withdraw within the 2-day period, you must reactivate the cooldown by following the initials steps once again (Initiating the Cooldown Period steps).
Staking during an active cooldown
If you stake additional WELL or MFAM tokens during the cooldown period, the cooldown will be extended rather than reset. The extension length depends on the proportion of new tokens added to the Safety Module.
This guide ensure you can efficiently manage your unstaking process while keeping track on key timings, so you don’t miss your withdrawal window. In the next article, we will explain how to manage and claim staking rewards.
Lynn Brooke
This article serves educational purposes and is not financial advice. We encourage you to do your own research and be responsible for your actions in the financial space.
Lynn Brooke40 Acres - Overview
40 Acres introduces a new era of utility for veNFT holders, going beyond voting to unlock liquidity, automation, and passive income. Designed for users of veAERO and veVELO, this protocol enhances the way you interact with your locked assets - allowing you to borrow against them, automate compounding of rewards, and earn through lending. 🔍 What you will find in this article:What you need.Borrowing with veNFTs (without liquidation risk).How auto-compounding works.Earning yield through USDC le...
Lynn BrookeGetting Started with Rabby Wallet Mobile App
After familiarizing yourself with installing and starting the Rabby browser extension and the Rabby Desktop app, it's time to explore the Rabby Wallet's mobile application. Expanding the Rabby Wallet ecosystem to mobile devices enhances accessibility and convenience for managing digital assets on the go. This guide will specifically focus on importing a MetaMask address and adding a watch-only address. Quick Safety Tip for Mobile Wallets: When using mobile wallets, consider keeping ...
Lynn BrookeBridging xVELO to VELO: A Simple Guide
With Velodrome expanding as the Superchain hub, it has introduced xVELO as the token for non-Optimims networks like Ink, Soneium, and Mode. However, if you are looking to convert xVELO into VELO on Optimism, this guide will walk you thorugh two methods to get it done efficiently. 📌 What you will find in this article:How to swap xVELO to VELO using Velodrome’s native swap feature.How to use vFAT Tools as an alternative method.Useful tips for a smooth conversion process.✅ What you need:A walle...
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✨Lynn Brooke exploring DeFi's world✨ Here I share simple how-to's from my experiences, easing the way for fellow DeFi explorers
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