pSTAKE

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

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.