Equity Details
Price & Market Data
Price: $0.0₄299
Daily Change: -$0.0₇239 / 0.08%
Daily Range: $0.0₄299 - $0.0₄299
Market Cap: $14,932
Daily Volume: 472
About pSTAKE Finance (PSTAKE)
Access updated market data for pSTAKE Finance (X:PSTAKE). Current price: 0.0₄299, daily change: -$0.0₇239 / 0.08%. Market cap: 14,932. Performance over 1-week, 1-month, and 3-month.
Details
pSTAKE is a liquid staking protocol that unlocks the true potential of staked PoS assets (e.g., ATOM). PoS token holders can deposit their tokens onto the pSTAKE platform to mint 1:1 pegged ERC-20 wrapped unstaked tokens represented as pTOKENs (e.g., pATOM). Users can convert pTOKENs into 1:1 wrapped ERC-20 staked representatives called stkTOKENs by staking the underlying deposited PoS tokens. stkTOKENs, representing staked tokens, accrue staking rewards in the form of pTOKENs (This mirrors the workings of most PoS chains where staking rewards aren't automatically compounded but earned in the form of liquid tokens which can be claimed by a user at any point in time).pSTAKE allows its users to utilize stkTOKENs in various DeFi protocols to earn additional yield on top of their staking rewards.Telegram | YouTube | Reddit | BlogDocs
