Overview
Locking XPL is the primary way to upgrade your tier on Plasma One. When you lock XPL, it is committed for 12 months in exchange for access to a higher tier.
How to lock XPL
Go to the Tiers tab in the app
Tap Upgrade on the progress bar
Select the Lock XPL option
Review and confirm the lock
Your tier is upgraded immediately once the lock is confirmed.
If you do not have enough XPL to lock, you will be taken to the Buy XPL flow to top up your balance first. Once you have enough, you can return to the upgrade flow and complete your lock.
→ See: Managing your XPL
How much XPL do I need to lock?
Tier | XPL to lock |
Core | 0 XPL during promotional period, 20,000 XPL thereafter |
Platinum | 100,000 XPL during promotional period, 150,000 XPL thereafter |
What happens to my locked XPL?
Once locked, your XPL is held for 12 months. During this time:
Your locked XPL appears in your Manage XPL balance under Locked XPL
Your locked XPL counts toward your tier progress bar
Any XPL you earn after locking, such as cashback, sits in your unlocked balance separately and does not automatically join the lock
You cannot unlock your XPL before the 12 months are up
At the end of the 12-month period, you will be able to unlock your XPL.
→ See: Locking and unlocking XPL
Lock expiry notifications
You will receive notifications as your lock period approaches expiry, so you have time to decide whether to renew your lock, switch to a USD subscription (Core only), or let your tier lapse back to Lite.
Upgrading from Core to Platinum mid-lock
If you have already locked XPL for Core and want to upgrade to Platinum, you only need to lock the remaining XPL needed to reach the Platinum threshold. The full amount is then locked for a fresh 12 months from the date of your Platinum upgrade.
Terms
Locked XPL is not a deposit and is not insured. It cannot be unlocked. The vault relies on smart-contract code that may contain bugs or vulnerabilities. Do not lock XPL unless you can tolerate a total loss of the locked amount and its USD value over the lock period.
XPL is a digital asset. It is not legal tender, is not a bank deposit, is not government-backed, and is not FDIC or FSCS insured. Its value can fall as well as rise and may decline to zero.
Full details on cashback eligibility, referral conditions, and tier benefits are in the Plasma One Rewards Addendum.
Rates, amounts, limits, eligible merchants and perks are the parameters currently in effect. They are variable and may change prospectively in accordance with the Plasma One Rewards Addendum.
UK users: Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk. See the additional disclaimers here.