PSTAKE-pSTAKE FinanceDetailed Description

PSTAKE-pSTAKE Finance Detailed Description

pSTAKE is a liquid staking protocol for Proof-of-Stake (PoS)-based assets that unlocks the true potential of staking PoS assets such as ATOM, allowing holders of staked assets to earn rewards while maintaining asset liquidity, PoS token holders can deposit their tokens into the pSTAKE platform to mint 1:1 pegged ERC-20 wrapped unstaked tokens, denoted as pTOKEN (e.g. pATOM). It leverages custom bridges to help the Cosmos ecosystem grow while improving the liquidity and composability of Ethereum ecosystem assets.