Plethori’s Staking Platform — Full Details

Plethori will be launching its staking platform on Monday the 10th of May 2021 at 15:00 UTC. All $PLE holders will be able to stake their $PLE on the platform in exchange for a lucrative, yet sustainable, 40% APY return. To stake your $PLE, follow the steps below:

Step 1: Purchase $PLE. You can purchase the $PLE token on Uniswap HERE.

Step 2: Head over to Plethori.com and click on the link to the staking platform. (The URL will not be made live until time of launch).

Step 3: In the top right hand corner, click “Connect To Wallet”. Four options will appear to link either your Metamask, WalletConnect, Portis or Fortmatic- select the wallet that applies to you. You have now accessed the staking panel.

Step 4: Enter the amount of $PLE you would like to stake and click the STAKE button. Your wallet will open automatically. The first page will ask for your permission to grant the platform access to your $PLE. Click CONFIRM and wait for the transaction to be approved.

Step 5: Once the “spend transaction” is approved, open your wallet again and click CONFIRM. This second transaction will stake your $PLE on the platform. Once the transaction is approved, refresh your screen, connect your wallet again and you will be able to view your staked $PLE and accumulating rewards.

Step 6: Unstaking works in exactly the same way but in reverse. Enter the amount of $PLE you would like to remove from the platform and click UNSTAKE.

A few notes:

• A 1.5% fee applies for staking and a 0.5% fee for unstaking. This will be automatically deducted from the amount you are either staking or unstaking. E.g If you stake 1000 $PLE on the platform, the amount staked once completed will be 985 $PLE (1000–1.5%).
• There is no locking period. You may stake and unstake at any time.
• There is no maximum staking cap. Staking will be unlimited until such time as the Staking rewards pool is exhausted. This will last a minimum of 10 months from now at maximum capacity without being refilled. Plethori may restock the staking rewards pool in the future depending on demand.
• The staking platform is used at your own risk. The contracts have undergone a full security audit by Solidity Finance and all reasonable measures have been taken to provide for the safe and secure usage of the platform, however loss of funds can never be guaranteed.

About Plethori

Plethori is a Cryptocurrency ETF Investment Platform that allows open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The platform offers decentralized cross-chain investment for exchange-traded funds built on the Ethereum and Polkadot blockchains. This service will allow investors to deposit capital and invest in a wide range of ETFs enabling investment into entire cryptocurrency industries such as insurance, oracles, NFTs, Derivatives, Polkadot ecosystem projects and many more.

Website | Telegram | Twitter | Pitch Deck | Whitepaper