The Lido on Terra unwind begins today. The process will take place in four phases, the first of which will take place from July 4 to 18, when users will be able to make withdrawal requests and sign transactions using their wallets. In the second phase, from July 18 to August 12, the protocol will release bLUNA and stLUNA from staking. In the third phase, from August 12 to August 26, requesting users will be able to claim their released $LUNA tokens (now $LUNC). On August 27, Lido will close the UI. It can take up to 24 days for tokens to become claimable after a withdrawal request has been submitted.
