Restaking Guides
These guides will walk you through how BTC holders, and BTC LSD holders can restake, withdraw and earn points on the Pell Network Web App.
Deposit
Navigate to https://app.pell.network
Connect your wallet
At the top of the dashboard page, you can view how many points you accumulated, the amount of assets you restaked denominated in BTC, the amount of assets you restaked denominated in USD, and at the top right corner of the screen, your referral codes that you can share with your friends
On the restake page, click on the asset that you want to restake
In the selected assets page, navigate to the order box and click on the "Deposit" tab. Enter the amount that you want to deposit, sign an approval transaction, and then restake
Click "Deposit" and wait for the deposit transaction to be confirmed
Once your deposit transaction is confirmed, a successful transaction notification will appear
Congrats! You are now restaked and earning points on your assets
Don't forget to share your referral code with your friends and restake more assets to earn more points
Withdraw
Navigate to https://app.pell.network
Connect your wallet
Navigate to the page of the asset you want to withdraw
In the form, click on the "Unstake" tab. Enter the amount of the restaked asset you want to withdraw, then click "Unstake"
Once you click "Unstake" the unstaking period begins. Note that for security reasons, the withdrawal period takes 7 days and cannot be reversed. Also note, you stop earning points once you unstake
Once 7 days have passed by since you unstaked, navigate to the "Withdraw" tab. Your assets will now be available to withdraw
Click "Withdraw" to finish withdrawing your assets
Cooldown Period (Withdrawal Delay)
Pell Network contracts implement a 7-day withdrawal delay for LSD tokens, serving as a crucial security measure in the event of vulnerability disclosures or detection of abnormal activities by monitoring systems.
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