How to Participate in Season 3: A Comprehensive Guide

Pencils Protocol
3 min readMay 20, 2024

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Season 3 Link: https://pencilsprotocol.io/staking
One-Click ETH Transfer & Withdrawal: https://pencilsprotocol.io/launch

Unstaking & Transfer Guide

  1. Locate the Unstake Banner:
  • On the homepage, find the banner labeled “Unstake.”

2. Initiate the Unstaking Process:

  • Click on the banner to navigate to the Unstake page.
  • Select “Unstake & Join Season 3 Now” to proceed.

3. Choose Action:

  • Decide whether to view the detailed Season 3 introduction or continue with the unstaking process.
  • A wallet prompt will appear after you click either “YES,” “NO,” or “REFUND.”

For Users With Remaining ETH After Unstaking:

  • YES: Migrate your staked ETH from S2 to S3, gaining access to new benefits including Pencils Points and Marks. 20% of your S2 points will convert into Pencils if you maintain your balance until the end of Season 3.
  • NO: This option allows you to withdraw your remaining ETH while retaining your subscribed $PDD, but you will not receive any Pencils rewards.
  • REFUND: REFUND Button: Withdraw all staked ETH, forfeiting your entitlements to any $PDD allocation and Pencils rewards.

For Users Without Remaining ETH:

  • REFUND Button: Withdraw all staked ETH, forfeiting your entitlements to any $PDD allocation and Pencils rewards.
  • ETH Trial button: Participate in Season 3’s risk-free trial while retaining your subscribed $PDD allocation, without earning Pencils rewards.

For Users Who Clicked YES/NO Before Refund Was Available:

  • REFUND Button: Withdraw all staked ETH, forfeiting your entitlements to any $PDD allocation and Pencils rewards.

*In all cases, ETH trial funds will be automatically deposited into Season 3.

For S2 participants, we offer a free S3 ETH trial funds. With minimal effort, users can transfer small amounts to S3 in one click. This allows them to try the new staking product at no cost and enjoy exciting S3 rewards.

Staking Guide

  1. Access the Staking Page:
  • Click the “Staking” tab at the top of the homepage to go to the Staking page.

2. Initiate a Deposit:

  • Click the “Deposit” button on the right side of the desired staking asset to open the deposit popup.

3. Complete the Deposit:

  • Select the amount you wish to deposit and confirm.
  • Note: Upon successful deposit, you will receive corresponding pTokens (e.g., pETH, pUSDC) on a 1:1 basis.

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Pencils Protocol

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