Withdrawal Process

Users can choose to withdraw their TIA on MilkyWay which involves the 21 unbonding time mandated by Celestia, or swap their milkTIA for TIA on Osmosis or other listed DEXes for instant withdraw.

Here are the steps to withdraw on MilkyWay — which starts with a user initiating a one-click request to withdraw their TIA.

And under the hood:

  1. Request Initiation and Burn:The withdrawal request goes to the Osmosis Staking Contract which groups the request into a batch. The contract also stores the user’s withdrawal information for the claim process, which is detailed further in the Claim section below.

  2. Undelegate: At the end of every batch period, which is set as 3 days at launch, the Coordinator delivers the requests to Celestia to undelegate uniformly across all MilkyWay’s validators .The user’s milkTIA is burnt once the batch is submitted at the end of the batch period.

  3. Wait: Wait for the 21 unbonding period.

  4. IBC Transfer: The Coordinator then sends the TIA from Celestia back to Osmosis.

Now the TIA is ready for claiming.

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