pSTAKE

pSTAKE

Created using Figma
Created using Figma
Securely stake your assets to earn staking rewards and receive 1:1 pegged staked representative tokens which can be used in DeFi to generate additional yield
To be announced
Additional Details
Categories
Platform

About pSTAKE

Stakers today need to lock up their PoS assets (such as ATOM, XPRT, ETH, SOL, etc.) on the network to earn staking rewards. Staked assets are usually illiquid and cannot be put to any further use.

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).

Features

Wrap

pSTAKE wraps your native tokens into 1:1 pegged ERC-20 pTOKENs which allows you to use your PoS assets in the Ethereum ecosystem.

Stake

You can stake your deposited PoS assets by minting 1:1 pegged ERC-20 stkTOKENs. Assets staked through pSTAKE are delegated to a set of safelisted validators of the underlying network. These assets are staked across multiple validators to minimize slashing risks and optimize for higher staking rewards. stkTOKENs are fungible in nature and slashing risks are shared across all pSTAKE users.

Insurance Fund

In the near future, assets delegated to pSTAKE’s safelisted validators will be safeguarded against slashing risks by an insurance pool which covers a portion or all of the slashed amount based on the severity of the slashing event.

Claim Staking Rewards

You can claim your staking rewards at any point in time. Staking rewards are claimed in the form of pTOKENs which can then be staked to compound staking rewards or be used to redeem an equivalent amount of the native PoS tokens. Transferring stkTOKENs to a different wallet address triggers an automatic rewards claim.

Liquidity and Instant Unbonding

You can skip long unbonding periods by swapping your stkTOKENs for other assets through liquidity pools on DEXes.

Generate Additional Yield

stkTOKENs can be used across various DeFi protocols in the Ethereum ecosystem to generate additional yield. This can be in the form of trading fees earned by supplying liquidity to a DEX, or more complex use cases such as borrowing and lending.

Activity

Followers:
10 777
VERY HIGH
Tweets:
582
VERY HIGH
Fake Users Detected:
4.00%
30 Days Growth:
3511
Alexa

Rank:
141 686
HIGH
Delta:
-334 343
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.