pSTAKE Finance — a liquid staking protocol that unlocks liquidity for your staking assets.
How does pSTAKE Finance work?
With pSTAKE, you can securely stake your Proof-of-Stake (PoS) assets, participate in protocol and security improvements to earn staking rewards, and base representative tokens (stkASSET) that can be used to explore additional yield opportunities in DeFi.
The $PSTAKE token functions as the governance and incentivization/deincentivation token of the pSTAKE protocol. $PSTAKE holders will be encouraged to participate in the governance of the protocol to ensure its long-term success and security.
Other tools:
| stkASSETs | these are assets with liquid rates,representing the underlying assets with rates, i.e. stkATOM is an ATOM with stakes. Currently, stkASSETs are issued as ERC-20 tokens on the Ethereum blockchain, but will soon be issued on their respective native chains for non-IBC assets and on the conservation chain (IBC-enabled) for IBC assets of the Cosmos ecosystem. |
| pBridge | it is a multi-chain bridge that pSTAKE currently supports. This unique bridge allows the transfer of value between multiple disparate blockchains such as Ethereum, Cosmos, Persistence, etc. |
| Thirdly | the platform has also implemented additional features that ensure that their member's security and privacy are well protected. |
The ERC-20 version of $PSTAKE can be stored in any Ethereum wallet that supports ERC-20 tokens. It is better to use the MetaMask wallet. The native version of $PSTAKE can be stored in the Keplr wallet. $PSTAKE is traded on various centralized and decentralized exchanges, including: Huobi, KuCoin, OKX, ByBit, Gate.io.
What is stkBNB?
stkBNB is the base representative token (liquid rates version) of BNB that is minted when BNB is staked on pSTAKE. Users can use their stkBNB tokens to enable DeFi opportunities in the BNB Chain ecosystem.
pSTAKE natively integrates with PancakeSwap and Alpaca Finance to provide liquidity pooling, yield management and yield optimization for stkBNB. More integrations with other BNB chain protocols are expected in the near future.
stkBNB - a BEP20 token that is compatible with Metamask, Binance Web Wallet, Trust Wallet and Math Wallet. There is no minimum or maximum limit on the amount of BNB the user can stake. pSTAKE allows users to stake any non-zero amount of BNB on the platform.