pSTAKE Finance

pSTAKE Finance

PSTAKE
$0.101431995%-6.71

Key Metrics

Price$0.101431995
Real Volume (24H)$1,622,784
Marketcap$44,594,682.43
Fully Diluted ValuationN/A
ATH$1.21
ATH Date3/7/2022, 5:29:59 AM
ATL$0.053588
ATL Date11/14/2022, 4:15:53 AM
Circulating Supply233M
Total Supply500M
WebsiteN/A
WhitepaperN/A
Popularity Rank665
Chart
What is pSTAKE Finance?

Staking is a crucial aspect of the proof-of-stake (PoS) network that allows token holders to earn rewards for participating in the network's consensus mechanism. But, staking has its limitations, including the locking of assets for an extended period and the inability to access the staked assets for trading. pSTAKE addresses these limitations and unlocks the true potential of PoS tokens.

pSTAKE is a liquid staking solution that enables token holders to deposit their assets on the pSTAKE platform and immediately mint 1:1 pegged ERC-20 derivative tokens. These tokens can then be utilized within the existing Ethereum DeFi ecosystem, providing maximum yield opportunities. Additionally, the derivatives minted on pSTAKE can later be expanded to multiple chains, depending on factors such as liquidity and usage.

Assets deposited on pSTAKE are staked with a set of whitelisted validators, ensuring that users receive the highest returns while keeping their assets secure. This staking solution takes the traditional staking process to the next level by providing access to the staked assets. pSTAKE enables users to exit a staking position immediately, instead of having to wait for the unbonding period to end.

pSTAKE is the solution that bridgesthe gap between staking and liquidity, providing users with the best of both worlds. With pSTAKE, token holders can earn rewards for participating in the PoS network, while also having access to their assets for trading and other use cases.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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