What is Vouch Staked PLS?

Vouch is a liquid staking protocol operating on the Pulsechain network, introduced in October 2024. It allows holders of PLS to earn yield through a trustless mechanism by staking their tokens. As users stake their PLS within the Vouch application, they receive a liquid staking token named vPLS. The vPLS token's value is designed to increase over time based on yields generated from validator activities, providing additional returns to its holders.

The revenue for the Vouch protocol stems from two primary sources: priority fees collected when validators process blocks and a buy/sell fee on the Vouch token. A percentage of this revenue, typically between 10-20%, is distributed to vPLS holders alongside regular validator rewards. The supply of vPLS is variable, minted in response to the amount of PLS staked. Users maintain control over their PLS through vPLS, which can be redeemed via the Vouch app, though the redemption time may vary based on the amount being processed.