To give you more control over your wealth and more opportunities in the DeFi space, SwissBorg offers you Earn Core strategies with cooldown periods.
Cooldown is the process of unlocking your tokens from the underlying network. Put simply, a cooldown period is a designated amount of time that a blockchain delegator waits before moving the tokens from the protocol. This can help the staking or liquid staking protocol to prevent that yielders instantly sell the token rewards they have earned via staking.
The various Earn Core strategies in the SwissBorg app generally have a 24-hour cycle that ends each day at 8am UTC. This means that every day at this time, if you have initiated a redemption of your funds, the cooldown period will start and only once the cooldown period has ended, your redemption will be completed and the funds will be allocated to your crypto wallet.
The cooldown period varies between a few days to a few weeks, depending on the platform and token, and is always displayed in the strategy details, so you will know that a strategy has a cooldown before you decide to invest.
In the Earn wallet screen in the app you will also see a timer that counts down the days left until your funds will be available.
Please note that during the cooldown period, the staked funds do not generate any yield anymore. Additionally, the earned yield will only be available in your account balance once the redemption is completed at the end of the cooldown period.