pSTAKE (PSTAKE)

pSTAKE is a liquid staking protocol unlocking the liquidity of staked assets.

Whitepaper

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Interest lvl

High

Updated: Dec 09, 2021

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User Rating

High

4/5 • 4 votes

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Ticker

PSTAKE

Type

Utility-token

Token standard

ERC20

FoundedSingapore

Registration year2021

Launchpads

Coinlist

Ecosystems

Cosmos Ethereum

What is pSTAKE

pSTAKE is the protocol that unlocks liquidity for your staked assets. With pSTAKE, you can securely stake your Proof-of-Stake (PoS) assets, participate in protocol improvements and security to earn staking rewards, and receive 1:1 pegged staked representative tokens which can be used to explore yield opportunities across DeFi.

At present, pSTAKE supports Cosmos and Persistence networks’ native tokens with a view to support more chains and assets in the future.

pSTAKE issues staked representative tokens through a custom bridge built to tap into the growth of the Cosmos ecosystem while accessing the liquidity and composability of Ethereum. Users can either hold these representative tokens as ERC-20 to maintain the liquidity of their staked assets, or use them to discover yields offered by other DeFi protocols.