PulsePad — the platform designed to seed the fertile ground of PulseChain, giving promising projects the opportunity for incubation throughout their development and growth opened its staking page!
Within minutes of the staking page going live, there are on average more than 50,000 $PLSPAD staked per user. The APY will be released at 4 PM UTC today, so there is still time to grab your bag full of $PLSPAD tokens to enjoy the astronomical rewards.
Staking is available on the VELAS chain with $9,000,000+ Million in $PLSPAD rewards!
How To Stake Your $PLSPAD Tokens?
To stake your $PLSPAD tokens, please follow the step-by-step guide below. Because staking is on the Velas chain, the process is super fast and easy, and can be completed in under 1 minutes.
Step 1: Visit the PulsePad staking link: https://staking.pulsepad.io/staking, and hit the ‘Connect Wallet’ button.
Please note: to participate in staking you must be KYC approved. An unstaking fee applies up to 25% if staked for less than 2 weeks, but if staked for a minimum of 8 weeks there is no unstaking fee. All you need is some Velas to pay for the network fees, PulsePad in your wallet (also on the Velas chain) and stake. To buy your $PLSPAD tokens, use these official links to buy directly from PancakeSwap, WagyuSwap or UniSwap.
Step 2: Once your wallet connects successfully, you need to tick the ‘Terms and Conditions’ box, and press ‘Next’.
Step 3: Set the amount you want to stake, (to stake the amount available in your wallet you can press the ‘Max’ button). When all set, click on the ‘Next’ button to start interacting with the staking contract.
Step 4: To enable interaction with the smart contract, you need to confirm two transactions. Pressing on ‘Next’ will prompt you to confirm the first transaction.
Step 5: Once the first transaction went through, you will be asked to confirm the second transaction.
When this is done, your tokens would have successfully been staked, and a new window will appear confirming this. Hit the ‘Done’ button and that’s it!
Congratulations!!! You have successfully staked your $PLSPAD tokens and are now able to enjoy the APY.
Users who have their $PLSPAD tokens on the Ethereum or the BSC chain can bridge their tokens to the Velas chain. Below are the guides on how to do these.
How to bridge from the Ethereum chain to the Velas chain?
#1. Visit https://bridge-ethpad.network/ and connect your MetaMask wallet. Please make sure to be connected to the Ethereum network.
#2. By default, the selected asset is ETHPAD. This can be changed. From the drop-down menu to the right, select the token you want, or type it in using the search bar. In this case we’re after PULSEPAD, so we’ll select that. Please make sure you also select the correct network Ethereum -> Binance Smart Chain.
#3. Enter the amount to bridge or if you want to bridge the entire amount hit the ‘Max’ button, followed by the ‘Swap’ button.
#4. You’ll then be asked to confirm two transactions. Please make sure you have ETH in your wallet to pay for the fees. After a few moments the $PLSPAD tokens should show up on the BSC network.
#5. Once you have your $PLSPAD tokens on the BSC network you can then bridge them to the Velas chain from where staking is allowed. To do this, you need to use the BSC-> Velas bridge https://bridge.velaspad.io/.
How to bridge from the BSC chain to the Velas chain?
#1. To bridge $PLSPAD from BSC to the Velas chain start by visiting https://bridge.velaspad.io/ and connect your wallet. Please make sure to be connected to the BSC network.
#2. By default, the selected asset is VLXPAD. This can be changed. From the drop-down menu to the right, select the token you want, or type it in using the search bar. In this case we’re after PULSEPAD, so we’ll select that. Please make sure you also select the correct network Binance Smart Chain > Velas network.
#3. Enter the amount to bridge or if you want to bridge the entire amount hit the ‘Max’ button, followed by the ‘Swap’ button.
#4. You’ll then be asked to confirm two transactions. Please make sure you have BNB in your wallet to pay for the fees. After a few moments the $PLSPAD tokens should show up on the Velas network.
#5. Once your $PLSPAD tokens are on the Velas network you can then follow the staking steps outlined above.
How To Use & Bridge Velas Chain?
For users who do not have PulsePad on the Velas chain, please read this. Below is a guide on how to bridge BEP-20 $BUSD onto the Velas Native wallet, which can then be used to acquire $PLSPAD on the Velas chain to stake.
#1. Create a Velas Wallet. To do this, follow this link https://wallet.velas.com/
#2. Configure MetaMask for the Velas Network with http://tokenmagic.app. This is as simple as connecting the wallet and selecting Velas to add automatically.
#3. Follow this link on the VelasPad Official Telegram channel to watch this video, or follow the steps below.
- Add chains/tokens in the wallet by pressing the ‘’writing’’ icon next to the search bar.
- Add BSC/BUSD
- Send BNB to the Velas wallet to pay the transaction fee
- Send BUSD & Click BUSD and select ‘’Swap’’
- Now swap your BUSD to Velas EVM wallet
- From the Velas EVM wallet it is possible to send the tokens to MetaMask on the Velas chain.
#4. With BUSD now on the Velas chain, you can then visit https://exchange.wagyuswap.app/swap where you can purchase $PLSPAD tokens.
- To do this, first ensure your wallet is connected to WagyuSwap exchange and that it is on the Velas network.
- Enter the amount you want to swap, in this case we’re using USDC but the principle is the same for BUSD/USDT, and click on the ‘Swap’ button.
- Next, you’ll be asked to confirm the swap transaction, and that’s all.
Happy bridging & staking!!!
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