PulseChain Validators and Staking Instructions

Table Of Contents

PulseChain Validators & Staking Interface

If you already have some tPLS head over to stake.howtopulse.com to stake or delegate your Pulse (PLS) and start earning rewards on PulseChain. 

If you don’t have any tPLS yet, go to our faucet and get some for free.

If you have a lot of PLS and a good understanding of server maintenance and would like to become a validator, please consider reading this article first, which lays out what it means to be a validator on PulseChain.

How to get started?

Connecting to the interface

You will need a MetaMask wallet in order to view or use the PulseChain Validators & Staking interface. MetaMask can be downloaded from the official website here and installed on a browser.

Once Metamask is all set up:

  1. Go to stake.howtopulse.com
  2. Click on Connect Wallet
  3. Select the PulseChain network in your wallet (instructions on how to set it up)
  4. The validator data should load in a couple of seconds.

Now that you are properly connected, the validator list should appear and you should be able to stake your PLS, see your active stakes and register as a validator.

How to delegate or stake your PLS?

  1. Go to stake.howtopulse.com, perform the above-mentioned steps to connect to the interface.
  2. Select the “Validator List” tab.
  3. Choose which validator you would like to stake your PLS to based on the data in the columns.

    We’ve added below under “Table Definitions” a description of each column in the validator list to help you make a more informed choice.
  4. Next to each validator’s address, is a “Stake” button. Press it to open the staking pop up window (screenshot below) and stake or remove your PLS.

    Here you can see information about the validator. The definition of each field can be found below under “Table Definitions”.
  5. Choose either “Add Stake” or “Remove Stake
  6. Write the amount you’d like to add or remove and click on “ADD“/”REMOVE
  7. MetaMask shall open up. Confirm the transaction. Note that a small gas fee shall be paid for this transaction. 
  8. Wait for the transaction to go through. You shall see a confirmation box (screenshots below) at the bottom of the screen when it’s done.
    Stake added confirmation:
    pls stake approval
    Stake removed confirmation:
    pls unstaking validator
  9. Important! Your stake shall be added to the validator’s total stake during the next rotation. The box at the top of the page (see screenshot below) shows when the next rotation will happen.
    next rotation validator pulsechain

You may repeat these steps as many times as you want and stake your PLS on as many different validators as you want!

How to see my stakes?

  1. Go to stake.www.howtopulse.com, perform the above-mentioned steps to connect to the interface.
  2. Select the “Active Stakes” tab.
  3. Here you shall see a list of all your stakes no matter if they are pending to be added during the next rotation or already added.
  4. You may directly add or remove your staked PLS by clicking the “Stake” button. 

How to become a validator?

⚠️This part is meant for advanced users with server management experience. ⚠️

It is possible to become one of the 33 validators on PulseChain testnet by staking 500,000 PLS and running a validator node. Note that once you stake this sum you cannot get it back.

Don’t take this endeavour lightly! It is important to understand that a validator helps PulseChain run properly. Running an unstable validator node would mean not only financial losses to the validator and its delegators but also hindering the health of the PulseChain network altogether.

Here’s an article explaining what it means to be a PulseChain validator.

Prerequisites

  • Be comfortable maintaining, securing and monitoring a server
  • Be running a fully synched PulseChain testnet full node (GitLab instructions)
  • Have 500,000 PLS in a MetaMask wallet

Step-by-step

  1. Go to stake.howtopulse.com and connect with a wallet that holds 500,000PLS 
  2. Select the “Validator Registration” tab.
  3. Click on “Check” to see if your wallet holds 500,000PLS
  4. Move the slider to the furthest right and until the “Deposit Amount” shows 500000PLS
  5. Press “DEPOSIT”
  6. Now connect to your full node and add the following flags to your node to turn it into a validator node:
    --miner.etherbase 
    --unlock
    --mine
    --password
  7. Your validator node should now be ready and will be competing for one of the top 33 spots during the next rotation.

A validator may unregister from this same page. After unregistering, a validator is removed from the active validator list during the next rotation. A new deposit is not required to become active once again.

Table Definitions

Validator Address = This is the address with which a validator is uniquely identified.
Total Stake = The total amount of PLS staked on each validator.
Pending Stake = The amount of PLS to be staked on the next rotation.
Misdemeanors = 50 slashes give 1 misdemeanor. Which results in the loss of any accrued rewards during this rotation for the validator and its delegators.
Felonies = 150 slashes give 1 felony. In addition to the penalties from a misdemeanor, the validator is also removed from the current rotation.
Total Rewards = Total reward generated in PLS since becoming a validator.
Revenue Share = What % of the validator’s rewards is given to all its delegators. The validator sets this percentage.
My Revenue Share = What % of the validator’s rewards is given to you. This is based on how much you’ve delegated to each validator.
My Stakes = The amount of PLS you’ve staked on each validator.
In Rotation = Is this validator currently validating transactions and generating rewards.

More Questions?

If anything is unclear or you’re just looking for advice hit us up on our Telegram chat!

Nothing in this article or website is financial or taxation advice. For advice on these matters, please contact a registered professional adviser.

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