About pSTAKE Finance

  • Coin description

    pSTAKE is a liquid staking protocol for PoS assets on Ethereum, Cosmos, BNB Chain, and Persistence.

    PoS token holders can deposit their tokens onto the pSTAKE platform to mint 1:1 pegged ERC-20 pTOKENs (e.g. deposit $ATOM to get $ pATOM). Users can further convert pTOKENs into wrapped ERC-20 stkTOKENs, which represent the staked position of the native PoS token, in a 1:1 ratio. stkTOKENs accrue staking rewards in the form of pTOKENs. pSTAKE allows its users to utilize stkTOKENs in supported DeFi protocols to earn additional yield on top of their staking rewards.

    pstake finance crypto - pSTAKE Finance Price

    $PSTAKE is the governance and incentivization token of the pSTAKE protocol. It will be used to incentivise the core contributors of the pSTAKE ecosystem, and also as a dis-incentivization token in case stakeholders staking the token act maliciously or are unable to perform their respective duties appropriately.?

    pstake finance crypto - pSTAKE Finance Price