Unstake.it Launches New Aggregation Feature, Ensures Better Prices For Your Staked SOL
Enjoy 90% lower fees and over 10x the liquidity when instantly unstaking your SOL.
Today, we’re launching what we’re calling the Valkyrie Update. We now look across all of Solana (powered by jup.ag) to give you the best prices on your staked SOL, no matter how much staked SOL you have. You can now instantly unstake your SOL with unstake.it and be assured that you’re getting the most SOL possible.
Previously, unstake.it used our own liquidity pool to service instant SOL unstakes. While this gave competitive rates for the vast majority of unstakes, it would charge relatively higher fees for large amounts of SOL, and was unable to service very large instant unstakes of >15,000 SOL (~500,000 USDC).
We now support a new type of route: depositing the staked SOL into a stake pool, then selling the stake pool token for SOL. Now, when you select a stake account to unstake, we calculate all such routes and rank them by which ones will give you the most SOL. The best route is automatically selected for you, but you are free to choose whichever route you want.
What can we expect from these new routes? Initial testing shows over 90% lower fees and >10x deeper liquidity for your staked SOL. And in the case where these new routes are unavailable or unattractive, there is still the unstake.it main pool, so we will be here for you no matter what.
(note: prices are indicative and will fluctuate depending on liquidity)
We’re really excited about this update, because it means better prices and deeper liquidity for you and the entire staked SOL ecosystem. We believe that it will open up a lot of potential for staked SOL to be used in DeFi. If you are a DeFi protocol interested in integrating us, we have an SDK — please reach out. Please let us know what you think at https://t.me/unstakeit and visit https://t.me/unstakeitannouncements for updates.
FAQ
How do I use this new feature?
Nothing has changed — unstake.it is still as simple as ever to use. Just connect your wallet, select a stake account, and unstake it! It’s that easy.
How does this work?
We take advantage of the fact that many stake pools will accept stake accounts as direct deposits and give you a liquid staking token (scnSOL/eSOL/jSOL/mSOL) back in return. That xSOL token can then be sold in many AMMs (e.g. Orca, Saber, Raydium…) for SOL. We even support Marinade’s instant unstake for very large withdrawals (>100,000 SOL).
What is the unstake.it team working on next?
We’re working on getting more and better routes to you (current transaction size limits allow only 1-hop routes, but this is changing very soon) and letting you control the slippage tolerance on the routes. We have set the default slippage to 0.1% but plan to let you change this in the future.