🔐Early Staking
Introduction
Early Staking is an innovative feature designed from Project Pi. It allows participants to stake their PLS tokens in advance of the official launch of Pi Staking, earning Project Pi Yield (PPY) collateral tokens as rewards. This program not only benefits early stakers but also supports the liquidity and development of the Pi Pool ecosystem.
Why Participate in Early Staking?
Accessible Rewards: This program allows users who cannot participate in our fundraising rounds to earn rewards and engage with the Pi Staking ecosystem.
Governance Involvement: Earning PPY tokens provides a say in the governance and future direction of Pi Staking.
Support Innovation: Your early commitment aids in the development and success of Pi Staking on PulseChain.
Key Features
Stake PLS Early: Deposit PLS into the Early Staking platform before the official launch of Pi Staking
Early PPY Tokens: Receive PPY, the collateral and governance token of Project Pi, as a reward for your early commitment
Support the Ecosystem: Your early staking helps increase TVL, making PLS trading more liquid and robust
How It Works
Deposit Phase: Users deposit PLS tokens into the Early Staker vault. These tokens are held in 'HODL mode', accruing PPY rewards.
Staking Duration: The staking period lasts for 90 days (T). During this time, participants earn a share of the total reward pool.
Reward Calculation:
And Total Rewards available for Early Staking is represented here:
PPY Rewards: Rewards in PPY tokens are claimable after the staking period is over, provided the staker remains committed for the entire duration
Unstaking and Burn Calculation
Participants can unstake their PLS at any time. However, early unstaking activates a burn mechanism (B), reducing the final reward.
Burn Rate Calculation:
Final Reward After Burn:
Once the staking period is over, users will have to manually claim their PPY rewards. Only then will they will be able to claim their PPY and migrate their PLS.
Post Staking Process: Transition to stPLS
Claim & Transfer Transition: After the 90-day Early Staking period, your PLS will transfer to the TokenstPLS contract.
Entry into Liquid Staking: This marks your entry into liquid staking derivatives, allowing your assets to continue earning interest.
Minting stPLS Tokens: The contract mints stPLS tokens, representing your staked PLS plus accrued interest.
Future Yield Generation: Your PLS remains actively engaged in staking strategies within the Pi Pool ecosystem.
Flexible Access: This process ensures liquidity and ongoing participation in yield generation with flexible access to your investments.
Conclusion
As we forge ahead, the Pi Staking ecosystem is set to become a cornerstone of the PulseChain network. Your involvement in Early Staking is instrumental in bringing this vision to fruition, paving the way for a more interconnected and prosperous DeFi landscape.
Last updated