Have you been making some great gains by providing FOX/ETH liquidity and/or staking your LP tokens?! The longer you provide liquidity and stake your tokens the greater the return you may see. However, you may want to unstake your LP tokens or remove your liquidity at some point. Please use the following article as a guide for how to do this!
Table of Contents:
- Unstake your LP tokens on web from FOX Farming
- Remove funds from the liquidity pool on web
- Unstake your LP tokens with mobile from FOX Farming
- Remove funds from liquidity pool with mobile
Please note this article is to remove liquidity/Unstake LP tokens. If you are looking to add liquidity or Stake your LP tokens you can see the article for how to do so here.
If you haven’t staked your LP tokens you can skip straight to removing funds from the liquidity pools section for your desired interface (Web or Mobile). However, if you did stake your LP tokens you MUST unstake these first before removing any liquidity.
Unstake your LP tokens on web from FOX Farming
- Once you have your LP tokens staked, you can unstake them at any time. From http://fox.shapeshift.com/fox-farming you can view any Pool or Staking details that you are a part of.
- To Unstake, select “Unstake”. You will be taken to a confirmation screen.
- Keep in mind that you will need to make confirmations on your wallet throughout this process. This will require you to pay attention to any pop-up messages from the wallet you are using (ie: Portis, MetaMask, etc) or the wallet itself if you are using a hardware wallet (KeepKey, Ledger, Trezor). This includes approving tokens and paying the gas fee (in ETH). Make sure you have a sufficient amount of ETH in your wallet before removing any liquidity and/or unstaking.
- Once unstaked, you will now see the LP token balance has moved from “Staked Balance” To “Available to Stake”
- Congratulations. You have now unstaked your LP tokens! You are now ready to...
Remove funds from the liquidity pool on web
- On http://fox.shapeshift.com/fox-farming select “Manage Liquidity”
- Make sure you have selected “Remove Liquidity” at the top of the page and selected the amount of liquidity you want to remove.
- Click “Remove” and the transaction will complete. You can view the transaction on-chain by following the “View on Chain” link at the bottom of the page.
- Congratulations you have now removed your desired liquidity and the funds will be back in your wallet!
You can also do this same flow on our Native Mobile app. As a reminder, if you have staked your LP tokens you MUST unstake before withdrawing your liquidity.
Unstake your LP tokens with mobile
- Go to the “Earn” tab in the mobile app to view your current position.
- Click into your “Active” Opportunities and select your “Farming Rewards” opportunity.
- Make sure you have selected “Unstake” at the top of the screen and the amount in which you want to unstake. Click “Continue”.
- You will be taken to a confirmation screen. If the information is correct, click “Confirm”
- You will see the transaction pending. Once it confirms you will be taken to a screen confirming the transaction was completed.
- Congratulations! You have now unstaked your LP tokens. You are now ready to...
Remove funds from liquidity pool with mobile
- From the “Earn” screen, go back to your Active opportunities. Select the “Liquidity Pool”.
- Select “Remove” at the top of the screen and the amount of liquidity you want to remove. Click “Continue”.
- You will need to approve the withdrawal. (Please note this will require gas fees paid in ETH)
- You will be taken to a confirmation screen where you will need to “Slide to Confirm” if the information displayed is correct.
- Once the transaction confirms you will be shown a completion page.
- Congratulations you have now removed your desired liquidity and the funds will be back in your wallet!