External Staking: How to stake your PLU

Important Note: DEX functionality is currently disabled for UK customers. Read more about the changes [here].

Decentralised staking and improvements to the Plutus Perks feature allows you to obtain the benefits of Plutus Perks by holding PLU in your personal wallets.

What Does This Mean?

It's simple - connect one, or multiple wallets and we will calculate your cumulative PLU holdings across these, as well as your Pluton Reward earnings in your dashboard, meaning there is no need to consolidate your PLU holdings into a single wallet.                         

How to Stake your PLU for Plutus Perks?

1 - Head over to the Perks tab on your Plutus dashboard

2 - Scroll down and you'll be able to see your staking balance

3 - Hit "Connect wallet"  to attach an external wallet

4 - If this is your first time connecting your Plutus Account with your MetaMask wallet, you will see the below appear. Please just click 'Next' to complete the process.

5 - Now your final step is to sign a transaction, this let's us validate the wallet as we can scan its contents (your PLU balance) due to the transparent nature of the blockchain and determine your Plutus Perks Level.

6 - Voilá!    Once you have signed the transaction you will successfully begin staking. You will see text pop up in the top right corner confirming this, similar to the image below.

Things to know

• During Step 5, the nonce which is generated is only valid for 5 minutes, so please ensure to sign your transaction within 5 minutes otherwise the nonce will become invalid and you will see an error message appear
• The nonce is generated specifically for you and is unique for your transaction signing process - there is nothing malicious involved within this process whatsoever
• In the case you already have a wallet connected, and would now like to connect a new wallet, you would need to go to the Perks tab to go ahead and begin connecting multiple wallets
• Requirement: You must stake the relevant amount of PLU continuously for a cooling period of 21 days in order for us to verify the stake properly, this cooling period begins as soon as you connect your wallet to the Perks tab (as per our External Staking guide) or when you reach a sufficient amount of PLU Rewards in your account.