Stake

What is Plume Staking?

Plume Staking is the official application that allows users to stake their PLUME tokens on the Plume blockchain to earn additional PLUME as rewards.

How does Plume Staking work?

Staking PLUME entails delegating your PLUME tokens to validators who help secure the Plume blockchain. In return, you earn more PLUME as rewards.

More in detail:

• Definition: Staking PLUME involves delegating your tokens to a validator, who helps run and secure the Plume blockchain. You don’t give up ownership—you just lock the tokens temporarily.

• Purpose: Validators need stake (PLUME) to participate in validating blocks. The more you stake with them, the more weight they have in securing the network.

• In Return: You earn PLUME staking rewards proportional to your staked amount. Refer to the "Effective APY" for each validator on the app to know the projected yearly return on your staked PLUME tokens.

Benefits beyond earning yield

Apart from earning more PLUME as rewards, stakers will get extra benefits that will be available in the near future:

1. Airdrop allocation from ecosystem projects.

2. Dividend revenue in stablecoins from protocol fees.

3. Governance rights.

4. App-specific perks like lower fees or priority access.

Features

Stake

Stake PLUME delegating to a validator of your choice and start earning rewards.

How to stake?

1. Make sure you have connected your wallet. To connect, click on the "Connect Wallet" button and proceed as on any other DeFi app.

2. Within the "Stake" card on the right, input the amount of PLUME you want to stake.

   1. You can also select wPLUME and automatically unwrap then stake in one step.

   2. Here you will also find the equivalent of what you are staking in US dollars and your PLUME balance in your wallet.

3. Choose the validator you want to delegate to in the dropdown. See there the commission each one gets, and the effective APY once you have made the selection. In Phase 1, all validator commissions are fixed at 0.5%.

4. Before staking, we recommend you checking the information under the "Stake" button:

   1. Staking APY: The reward Plume gives to stakers.

   2. Validator Fee: A small portion that the validator gets to cover their costs.

   3. Effective APY: Which is the actual return you are going to receive and it's calculated like this: Staking APY - Validator Free.

   4. Expected Annual Reward: Calculation of your expected return after one year.

   5. Unstake period: Number of days you need to wait before you can withdraw your PLUME after requesting to unstake. Check the Unstake Period section.

5. Click on "Stake", confirm the operation on your wallet, and see how "Your Position" gets updated.

Unstake

Unstake the amount you choose from the validator you desire any time.

How to unstake?

1. Once you have an amount staked, the "Unstake" tab on the card on the right will be enabled.

2. Click on the "Unstake" tab.

3. Select the validator you want to unstake from.

4. Input the amount you want to unstake.

   1. Under the input field you will find the equivalent amount in US dollars,

   2. and the amount you have staked with that validator.

5. You should know that after you initiate this unstaking request, you will need to wait 21 days (unstake period) until you can withdraw the amount to your wallet.

6. Click on the "Unstake" button, and confirm the operation from your wallet.

7. Once the request has been successful, you will find your unstake request on the "Unstaking" section on the left side.

8. Once the unstake period has passed, a "Withdraw" button will appear for you to retrieve the PLUME to your wallet.

Claim your rewards (Feature available by late June, 2025)

Your stake will immediately start generating rewards that you can claim and withdraw to your wallet.

How to claim your rewards?

1. Once you have staked some PLUME, you can go to the "Rewards" section on the left side of the app and click on "Claim Rewards".

2. Confirm the transaction from your wallet.

3. And the PLUME will be sent to your wallet.

Restake your rewards (Feature available by late June, 2025)

Instead of claiming rewards first then manually restaking, we made it easy for you to restake them directly so you can compound and earn more.

How to restake your rewards?

1. Once you have staked some PLUME, go to the "Rewards" section on the left side of the app, and click on "Stake Rewards".

2. Select the validator you want to delegate all your rewards to.

3. And confirm the transaction from your wallet.

4. Once the operation is successful, your staking position should get updated.

"Your position" section

In this section we show:

1. The number of PLUME you have staked.

2. Its value in US dollars.

3. And the split of your stake across the different validators.

"Rewards" section

In this section we show:

1. The amount of PLUME rewards you have earned so far and that you can claim or restake.

2. Its value in US dollars.

"Unstaking" section

In this section you will find any in-progress unstaking requests and any PLUME that is ready to be withdrawn.

"Your transaction history" section

Here you will find all the operations you have done: staking, unstaking, claiming rewards, restaking rewards, and withdrawing. Also, you find the exact time of the operation, the transaction hash, the link to the block explorer, and the amount involved.

"Global staking overview" section

This is a list of all Plume validators, the amount staked and delegated to each of them, and their Effective APY.

Important notes to consider

Unstake period of 21 days

Unstake period of 21 days means you will be able to withdraw your PLUME 21 days after requesting to unstake. If you unstake again from the same validator before an in-progress request is completed, the timer resets.

This delay protects the network by preventing sudden exits and helps maintain security and stability.