pSTAKE Finance

What is pSTAKE?

pSTAKE is a revolutionary liquid staking protocol designed to unleash the full potential of staked PoS assets such as ATOM. Through pSTAKE, PoS token holders can seamlessly stake their tokens onto the platform, generating stkASSETs, which represent their staked position. This innovative protocol stakes the deposited tokens with a subset of validators across supported chains like Cosmos, Persistence, Ethereum, and BNB, ensuring optimal staking rewards accrual in the background. pSTAKE thus enables users to participate in DeFi activities, amplifying their yield-generating capabilities.

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Recent Video Interview

Main points of the interview:

• Discuss the proposal on Cosmos Hub Forum for allocating 600k ATOMs from the community pool.
• The proposal aims to bootstrap liquidity for pSTAKE's SDK ATOM pools on various DEXes, enhancing the utility of pSTAKE.
• pSTAKE will benefit from increased liquidity, leading to better integrations with DeFi protocols and more use cases for SDK ATOM.
• A 15% revenue share from pSTAKE's liquid staking will be allocated to the ATOM community pool, benefiting ATOM stakers.

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PSTAKE Token

PSTAKE serves as the governance and incentivization token within the pSTAKE ecosystem. As an ERC-20 token, it plays a pivotal role in driving ecosystem development and sustainability through:

• Governance: PSTAKE holders actively participate in protocol governance, ensuring long-term success and security.
• Incentivization: The token incentivizes core contributors and acts as a disincentive for malicious activities.
• Token Distribution: With a Total Genesis Supply of 500,000,000, PSTAKE distribution emphasizes decentralization and rewards for growth contributors.

Node Operator Onboarding Guide

For node operators seeking to join pSTAKE's validator set, the process involves:

• Onboarding: Node operators contact the pSTAKE team and submit their Ethereum address for whitelisting, enabling interaction with protocol contracts.
• Custodianship: Operators must securely manage their private keys and execute transactions using the registered key.

pSTAKE prioritizes user experience and community governance, empowering stakeholders to steer protocol evolution. Through the governance platform hosted on Snapshot, community members propose and vote on critical protocol changes, fostering inclusivity and transparency.

pSTAKE on BNB

pSTAKE's BNB liquid staking solution offers a streamlined process for staking BNB assets, providing users with stkBNB tokens that accrue rewards over time. This innovative approach not only simplifies the staking process but also enhances liquidity within the ecosystem. Users benefit from increased flexibility, as they can easily stake and unstake their assets as needed. Additionally, the option for instant redemptions adds a layer of convenience, allowing users to access their funds quickly when required.

pSTAKE on ETH

pSTAKE extends its liquid staking capabilities to Ethereum, offering users the opportunity to stake their ETH assets seamlessly. Through pSTAKE's ETH liquid staking product, users can stake their ETH holdings and receive stkETH tokens in return. These tokens continuously accumulate rewards, allowing users to maximize their yields over time. The exchange rate model employed ensures that the value of stkETH tokens appreciates in tandem with the accruing rewards, providing users with a growing stake in the protocol.

Moreover, the protocol's innovative approach to liquid staking enhances liquidity within the Ethereum ecosystem, offering users increased flexibility in managing their assets. With pSTAKE on ETH, users can participate in staking activities without the need to lock up their ETH assets, thus empowering them to leverage their holdings while contributing to the security and decentralization of the Ethereum network.

pSTAKE on Cosmos

pSTAKE introduces a groundbreaking liquid staking solution for Cosmos, enabling users to stake their ATOM assets seamlessly. With pSTAKE on Cosmos, users can convert their ATOM holdings into stkATOM tokens, which represent their staked position on the Cosmos network. These stkATOM tokens continuously accrue staking rewards, allowing users to maximize their earnings while actively participating in the network's staking mechanism.

By utilizing interchain solutions built on the Persistence chain, pSTAKE ensures that users' assets are staked natively on the Cosmos network in a secure and non-custodial manner. This approach leverages Cosmos SDK features such as Interchain Accounts (ICA) and Inter-Blockchain Communication (IBC) to streamline the staking process and enhance user experience. pSTAKE on Cosmos empowers users to engage in staking activities without compromising liquidity, thus contributing to the security and decentralization of the Cosmos ecosystem.

Partners

• Security Partners: Halborn, Trail Of Bits, Diligence, Solidified, PeckShield, Aok, Certora, Immunefi, and Forta.
• Validators: Stakefish, Figment, Everstake, Chorus, CosmoStation, Legend, Math Wallet, Coinbase Cloud, Tranchess, and Nodereal

Project Development

The collaboration between pSTAKE and Quasar marks a significant milestone in the DeFi landscape, particularly in the realm of liquid staking tokens (LSTs). pSTAKE's stkOSMO, a liquid staked token issued for Osmosis, now integrates with Quasar to introduce the first OSMO LST vault. Leveraging Quasar's Dynamic S+ strategy, users can optimize stkOSMO LP yield, ensuring deeper liquidity and enhancing user experience within the Osmosis ecosystem.

Quasar, as a primary liquidity aggregator on the Osmosis chain, offers users various yield-generating opportunities while managing their capital efficiently through vaults. By incorporating stkOSMO into Quasar's vaults, both platforms synergize to boost liquidity and foster growth across the Cosmos ecosystem. This integration not only streamlines user experience but also opens up novel avenues for stkOSMO utilization, propelling ecosystem vibrancy and attracting new users to pSTAKE, Quasar, and Osmosis alike.

pSTAKE Finance Price Analysis

As of November 24 2024 pSTAKE Finance has a marketcap of $25M. This is {{percentagefromath}} from its all time high of $1.21. In terms of its tokenomics, there's a total supply of 500M with 99% currently outstanding. Keep in mind pSTAKE Finance has a fully diluted value of $25M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.