Contract Information

What is PLSXSSS?

PLSX Single Sided Staking (PLSXSSS) is a protocol that enables PulseX token holders to stake their PLSX tokens in a simplified manner while earning attractive yields. Unlike traditional liquidity providing that requires pairs of tokens, our single sided staking protocol only requires PLSX tokens.

Fee Structure

Deposit Fee (Entry Fee): 1.0% of the staked amount

Withdrawal Fee (Exit Fee): Time-based structure to incentivize long-term staking

• 5.0% if withdrawn within 7 days
• 3.5% if withdrawn between 7-14 days
• 2.0% if withdrawn between 14-30 days
• 1.0% if withdrawn after 30+ days

Fee Utilization: All fees are distributed with 70% allocated to the reward pool and 30% allocated to development.

Reward Claims: No fees are charged when claiming rewards.

This time-based fee structure helps maintain protocol sustainability and discourages short-term staking while rewarding long-term stakers with lower exit fees.

Reward Rate Calculation

The Annual Percentage Yield (APY) is calculated based on the underlying Reward Rate with compounding taken into account:

Base Reward Rate: The protocol generates a base Reward Rate of up to 28% (as determined by the smart contract)

Compounding: Your effective APY depends on how frequently you re-stake your rewards:

• Monthly compounding: APY = (1 + Reward Rate/12)^12 - 1
• Weekly compounding: APY = (1 + Reward Rate/52)^52 - 1
• Daily compounding: APY = (1 + Reward Rate/365)^365 - 1

For example, with a base Reward Rate of 28%:

• Monthly compounding yields approximately 31.08% APY
• Weekly compounding yields approximately 32.23% APY
• Daily compounding yields approximately 32.31% APY

Note: Compounding is not automatic and requires you to manually claim your rewards and re-stake them.

Staking Process

1. Connect your wallet - Ensure you're connected to the PulseChain network
2. Approve PLSX tokens - First-time stakers need to approve the contract to spend their PLSX
3. Enter staking amount - Choose how many PLSX tokens to stake
4. Confirm transaction - Confirm the transaction in your wallet
5. Start earning - Your rewards will start accumulating immediately

Unstaking & Claiming Rewards

Unstaking: You can unstake your PLSX tokens at any time without any lock-up period. Simply use the unstake tab, enter the amount you wish to withdraw, and confirm the transaction.

Claiming Rewards: Accumulated rewards can be claimed at any time by clicking the "Claim Rewards" button. There are no minimum thresholds for claiming rewards.

Tip: To maximize your returns, consider claiming and re-staking your rewards regularly to take advantage of compounding.