📘Guide: How to Stake - Unstake PLS
A guide detailing how to stake and unstake PLS within our platform.
How to Stake PLS with Project Pi
By following these steps, you can efficiently stake your PLS with Project Pi, leveraging the enhanced yields and security offered by our staking platform.
Step 1: Access the App
Visit Project Pi by navigating our website. Connect your wallet using the Connect button at the top right corner of the website.
Step 2: Navigate to the Liquid Staking Page
Access the liquid staking interface by clicking the Liquid Stake link on the top navigation bar.
Step 3: Enter Staking Amount
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.
Step 4: Confirm Staking PLS
Review the amount of stPLS that you will get. Then, click the Stake button to stake your PLS.
Step 5: Completion
Once the transaction you approve through the wallet is confirmed in the blockchain, the shown amount of stPLS will be in your 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.
How to Unstake PLS with Project Pi
By following these steps, you can efficiently unstake your PLS from Project Pi, taking advantage of our platform’s liquidity and immediate unstaking option.
Step 1: Access the App
Visit Project Pi by navigating our website. Connect your wallet using the Connect button at the top right corner of the website.
Step 2: Navigate to the Liquid Staking Page
Access the liquid staking interface by clicking the Liquid Stake link on the top navigation bar.
Step 3: Enter Unstaking Amount
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.
Step 4: Confirm Unstaking PLS
Review the amount of PLS that you will get back. Then, click the Redeem button to unstake your PLS.
Step 5: Completion
Once the transaction you approve through the wallet is confirmed in the blockchain, the shown amount of PLS will be transferred to your wallet.
Last updated
Was this helpful?