The Life of Pi Pools

  1. The Pi Pool is created by the node operator.

  2. The Pi Pool is placed in a queue to be paired with liquid staking funds.

  3. The Pi DAO transfers 32,000,000 PLS (16,000,000 PLS from liquid stakers and 16,000,000 PLS from the node operator) to the PulseChain deposit contract.

  4. The registered Pi Pool is now tracking the status of the validator, which has the 32,000,000 PLS. This Pi Pool is now earning rewards, which is going to the Pi Pool withdrawal address.

  5. At the end of the 15 days, the user withdraws out of their validator. Once exited, smart contracts processes the validator rewards.

  6. The liquid staking funds (16,000,000 PLS) and their accrued rewards are then returned to the deposit pool.

  7. If the Pi Pool has more time in its duration, the protocol continues to validate, with the user receiving rewards every 15-day cycle.

  8. The partial rewards are properly distributed to the node operator and liquid stakers.

  9. Once the full duration of the Pi Pool is completed, the node operator can withdraw their funds and rewards.

Concurrently, a PPY rewards cycle operates throughout this process, providing node operators with rewards on their staked PPY. More details can be found here.

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