ETH, BTC, USDT, USDC
pSTAKE is a liquid staking protocol unlocking the liquidity of staked assets. Stakers of PoS tokens can now stake their assets while maintaining the liquidity of these assets. On staking with pSTAKE, users earn staking rewards and also receive 1:1 pegged staked representative tokens (stkTOKENs) which can be used in DeFi to generate additional yield (yield on top of staking rewards).
WHAT IS PSTAKE
pSTAKE is a liquid staking protocol that unlocks the true potential of staked PoS assets (e.g., ATOM). PoS token holders can deposit their tokens onto the pSTAKE platform to mint 1:1 pegged ERC-20 wrapped unstaked tokens represented as pTOKENs (e.g., pATOM). Users can convert pTOKENs into 1:1 wrapped ERC-20 staked representatives called stkTOKENs by staking the underlying deposited PoS tokens. stkTOKENs, representing staked tokens, accrue staking rewards in the form of pTOKENs (This mirrors the workings of most PoS chains where staking rewards aren’t automatically compounded but earned in the form of liquid tokens which can be claimed by a user at any point in time).
pSTAKE allows its users to utilize stkTOKENs in various DeFi protocols to earn an additional yield on top of their staking rewards.
pBridge is a bridge between several blockchains, which currently powers pSTAKE. This unique bridge enables transfer of value between multiple disparate blockchains such as Ethereum, Cosmos, Persistence, etc.
pBridge ensures that transactions originating at the pSTAKE application end (Ethereum), pertaining to staking, unstacking, reward redemption, etc. are instantaneously executed at the protocol end of the native chain (e.g. Cosmos), namely: MsgSend, Delegate, Undelegate, Redeem Delegation Rewards etc. This enables seamless execution of PoS protocol transactions of native chains such as Cosmos, remote-controlled by Ethereum smart contracts.
PSTAKE is the governance and incentivization token of the pSTAKE protocol. It is an ERC-20 token and powers the protocol’s ecosystem in the following ways:
PSTAKE holders are incentivized to participate in the protocol’s governance to ensure its long-term success and security by staking PSTAKE on the pSTAKE staking contract. Staking the token would provide its holders with a two-fold benefit, including * Participation in protocol improvement proposals through voting. * Participation in protocol security.
In order to ensure the long-term success of the protocol, the PSTAKE token will be used to incentivize the core contributors of the pSTAKE ecosystem. PSTAKE will also be used as a disincentivization token in case stakeholders staking the token act maliciously or are unable to perform their respective duties appropriately. Learn more about the PSTAKE here.
The Total Genesis Supply of PSTAKE will be 500,000,000. The distribution is designed to maximize decentralisation of protocol governance, while adequately incentivizing the core contributors to the long-term growth of the protocol.
Sold on Pre-Sale:
Tokens sold to the public 100.00%
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