PLI Tokens Introduction to Proof Of Reserve in order to build the trust.
Proof of PLI staking reserve: Let's build on Foundations of trust. What's Plugin's Proof of PLI Staking reserve? Plugin , which remains committed to transparency, seeks to reassure community members by availing an easy-to-use interface where Node Operators and Yield Farmers can verify their stake.
Proof of PLI Staking Reserve main objective is to increase the community member's "Trust" and "Transparency". To increase the community's trust and transparency, the system helps members check whether their PLI stakes are locked in smart contracts and that there's no entity or individual that has central control over the stake.
To increase trust and transparency, further, it directly brings the total staking balance from the smart contract in real time. With each stake published on Plugin's blockchain, and each record of a completed transaction being available for anyone to review without revealing the owner's identity, the system ensures that one's stake is secure.
Coupled with the fact that information stored on a blockchain is immutable, Plugin's proof of PLI staking reserve helps increase trust, transparency, and security.
What's more, free verification of stake encourages the one to keep track of PLI-related transactions as recorded on XDC Network's smart contracts.
How can Users check the Liquidity and Solvency of their Stake? To check the liquidity and solvency of a stake, one only need to visit the Plugin proof of PLI staking reserve platform.
Are there conditions to be met before withdrawing one's stake? On Plugin, every stake has a one-year lock-in period.