pSTAKE Finance PSTAKE

1. Summary

Ranks

Liquidity

92

Developer

-

Social

11

Momentum (beta)

77

Stack Rank™

-

Price

$0.12 +5.3%

Market Cap

$57.00M (#554)

Supply

464.44M / 500.00M

Tags

Cosmos Ecosystem Ethereum Ecosystem BNB Chain Ecosystem Liquid Staking Tokens Liquid Staking Governance Tokens Base Ecosystem Coinbase Ventures Portfolio Proof of Stake (PoS) Alameda Research Portfolio DeFiance Capital Portfolio

More Metrics

Price
52W High price	$0.17
52W High date	13th Mar 2024 (4 months ago)
All Time High (ATH) Date	7th Mar 2022 (2 years ago)
ATH Price	$1.21
% From ATH	-92.62%
All Time Low (ATL) Date	21st Oct 2023 (9 months ago)
ATL Price	$0.02
% From ATL	374.72%

Supply & Trading Volume
Trading Volume (24h)	$1.53M
Total Supply	500.00M
Circulating Supply	464.44M

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Description

pSTAKE is a liquid staking protocol allowing Proof-of-Stake (PoS) token holders to deposit tokens onto the pSTAKE platform, which then mints pegged ERC-20 tokens (pTOKENs). Users can also stake these deposited PoS tokens, creating 1:1 wrapped ERC-20 staked tokens (stkTOKENs). These can accrue staking rewards in the form of pTOKENs. Users can use st...

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pSTAKE is a liquid staking protocol allowing Proof-of-Stake (PoS) token holders to deposit tokens onto the pSTAKE platform, which then mints pegged ERC-20 tokens (pTOKENs). Users can also stake these deposited PoS tokens, creating 1:1 wrapped ERC-20 staked tokens (stkTOKENs). These can accrue staking rewards in the form of pTOKENs. Users can use stkTOKENs across different DeFi platforms to earn additional yields on top of their staking rewards. The example given demonstrates that a user could deposit 100 ATOM tokens on the pSTAKE platform, stake them on the platform to earn staking rewards, and then provide liquidity to a stkATOM-ETH pool on SushiSwap to generate even further yield, leveraging the pSTAKE technology for additional income.

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