💭FAQ

What is PulseChain?

PulseChain is a blockchain platform developed by Richard Heart as a faster, more scalable fork of Ethereum. It improves upon Ethereum by offering lower transaction costs, faster speeds, and enhanced efficiency, making it a powerful Layer 1 solution for developers and users alike.

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What are Liquid Staking Derivatives? (LSDs)

Liquid Staking Derivatives (LSDs) allow users to stake their assets while maintaining liquidity. When users stake tokens, they receive a derivative token in return, representing their staked assets. These derivative tokens can be traded, used in DeFi protocols, or restaked, allowing users to earn rewards without locking up their capital, thus providing flexibility and increased utility in the staking ecosystem.

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What is Staking for Node Operators?

On PulseChain, validator nodes help secure the network and earn staking rewards. Node operators must set up hardware and stake 16,000,000 PLS, which is locked during the staking period. The operator earns rewards while staking, and after the period (up to a year), both the staked PLS and rewards are returned.

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How Was Pi Staking Conceptualized?

The Project Pi team, passionate supporters of PulseChain, Hex, and the broader ecosystem, created Pi Staking to address Liquid Staking challenges. They saw the need for a protocol that not only supports Liquid Staking but also drives the growth of LSDs within the PulseChain network. With no suitable solution available, the team launched Pi Staking to empower the community and support PulseChain’s development.