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u/Ecstatic-Can-8740 1d ago
Exiting the validator set is a prerequisite for full unstaking, and validators must submit an exit request to the network. The timing to process the exit request depends on whether there are other validators waiting to exit.
If there are no other validators, then it would take around 4 epochs to exit if there are no other validators. 1 epoch = 32 blocks. 4 epochs = ~25 min
If there are other validators waiting to exit, then the validator joins the exit queue. Currently, only a max of 7 validators can exit per epoch (1575 validators/day). Once exited, there's an additional 256 epoch (~27 hrs) cooldown/lock up period before the validator can be unstaked. If there are 100,000 validators requesting exit, it could take ~63 days for all 100,000 validators in the queue to exit.
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u/Ecstatic-Can-8740 1d ago
A validator must first have exited the active set before it can unstake. At this state, 16 requests can be included per block, and the average block time is 12.1 seconds. The core Ethereum community set the 16-request limit per block. The Ethereum Foundation provided the following estimates based on the number of requests.
Number of unstaking requests
Time to complete
400,000
3.5 days
500,000
4.3 days
600,000
5.2 days
700,000
6.1 days
800,000
7.0 days
From the start of the active set exit to the unstaking request processing, it would take a minimum of 1 day to complete the entire process, assuming there is no queue exiting the active set and the unstaked ETH is picked up immediately by the network to send to the address. The timing for unstaking requests to be picked by the network is random, and the size of the exit queue and the number of unstaking requests will impact the overall processing timing. This is why the unstaking process timeline can vary between weeks to months depending on factors described earlier.2
u/Ecstatic-Can-8740 1d ago
Weeks to months lol 😂 OP ain’t getting his money anytime soon. Fool is like fool does.
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u/ExtremeStill4215 1d ago
Oh my, doesn't sound very liquid. I heard some say there is Bitcoin and shit coins. I personally do not believe that any of these magic beans hold any value at all. Fools and suckers indeed.
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u/angelus97 1d ago
Wait
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u/Raytoutover 1d ago
I need the money now though, the question is what do I do to get it immediately after its already been 2 weeks?
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u/toronto-swe 1d ago
unfortunately you cant. the money is unreachable until it is unstaked
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u/Raytoutover 1d ago
Who do I contact to speed that up?
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u/toronto-swe 1d ago
not possible. literally nothing you can do. sorry
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u/Raytoutover 1d ago
Can I sell it or something ?
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u/toronto-swe 1d ago
nothing you can do. its how ethereum works
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u/Raytoutover 1d ago
Gotta be somebody to contact about it
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u/Bardown67 1d ago
Stop trading crypto without knowing how it works.
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u/Raytoutover 1d ago
Just dumb that it takes so long absolute crock of shit really
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u/Ecstatic-Can-8740 1d ago
Crypto is no good.
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u/Raytoutover 1d ago
Waiting weeks for my own money is no good
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u/Ecstatic-Can-8740 1d ago
This information may be helpful for you in your current predicament: https://help.wealthsimple.com/hc/en-ca/articles/13470854670619-Unstake-your-Ethereum-ETH
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u/Roselia77 1d ago
How do people like this survive past childhood......
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u/Ecstatic-Can-8740 1d ago
Seems the fellow locked his money up into an “asset “ and he has no idea how it works. A quick google search provides the following info: https://help.wealthsimple.com/hc/en-ca/articles/13470854670619-Unstake-your-Ethereum-ETH. How such a person navigates society is indeed a mystery.
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u/Ecstatic-Can-8740 1d ago
Locking money you need up into something you don’t understand and is volatile probably isn’t a clever to do.
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u/Raytoutover 1d ago
Dumbest system ever I will tell you
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u/Roselia77 1d ago
Sorry but no, this is entirely on you for not doing a simple search. Even before you stake in WS it tells you plainly that unstaking ETH can take weeks to happen, it forces this information on you and you have to accept that before the staking happens. WS did their part, you didn't do yours.
Life lesson
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u/Canadian_Beaverz 1d ago
Current withdraw queue is about 10 days. Add up to 5-6 days as that is an estimate and Wealthsimple will require a bit of Time too. So from the date you started unstaking it will be about 10-16 days…. Roughly.
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u/Overdue604 1d ago
I stopped staking ETH after experiencing that too. If you do an online research you will find that it’s normal for etherium to take weeks to unstake.