📘Guide: How to Stake - Unstake PLS
A guide detailing how to stake and unstake PLS within our platform.
Last updated
A guide detailing how to stake and unstake PLS within our platform.
Last updated
By following these steps, you can efficiently stake your PLS with Project Pi, leveraging the enhanced yields and security offered by our staking platform.
Visit Project Pi by navigating our website. Connect your wallet using the Connect button at the top right corner of the website.
Access the liquid staking interface by clicking the Liquid Stake link on the top navigation bar.
Decide how much PLS you want to stake. You can input any amount, as there is no minimum staking requirement with Project Pi. Make sure you leave enough PLS in your wallet for transaction fees.
Review the amount of stPLS that you will get. Then, click the Stake button to stake your PLS.
Once the transaction you approve through the wallet is confirmed in the blockchain, the shown amount of stPLS will be in your wallet.
If your wallet (i.e., Metamask, Rabby) does not show the balance of stPLS automatically, you can add stPLS by its contract address, 0x21dCB2c16C3773A565AcB45f6c34348EC78a8385 or click Add stPLStoken to Wallet
Since stPLS gains value against PLS over time, you will automatically earn yield by holding stPLS. But if you wish, you can also use stPLS in other DeFi applications.
By following these steps, you can efficiently unstake your PLS from Project Pi, taking advantage of our platform’s liquidity and immediate unstaking option.
Visit Project Pi by navigating our website. Connect your wallet using the Connect button at the top right corner of the website.
Access the liquid staking interface by clicking the Liquid Stake link on the top navigation bar.
Decide how much stPLS you want to redeem. You can input any amount, as there is no minimum staking requirement with Project Pi. Make sure that there is enough PLS in the liquidity pool.
If there is not enough PLS in the liquidity pool as you want to redeem, you can convert your stPLS into PLS through DEXs.
Review the amount of PLS that you will get back. Then, click the Redeem button to unstake your PLS.
Once the transaction you approve through the wallet is confirmed in the blockchain, the shown amount of PLS will be transferred to your wallet.
