pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem - Deepstash

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pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem

pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem

cointelegraph.com

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The pSTAK project is part of the Persistence (XPRT) protocol, a multi-chain tech stack that supports Cosmos (ATOM ), Ethereum (ETH ) and other Tendermint-based chains. The long-term m...

Lido, for instance, is a liquid staking protocol that already offers support for Eth2, Terra, Solana and Kusama, and has a TVL of $9.35 billion.

The main difference for pSTAKE is that it emerged out of the Cosmos ecosystem and has its main focus on increasing liquidity for other protocols ...

As a way to help increase community support and reward early adopters, the project launched an airdrop of its pSTAKE token, which will see 30 million pSTAKE distributed over the next six months to a variety of addresses including ATOM, OSMO and XPRT stakers.

On the development side, one of ...

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Interesting new mechanism brought to market by SAFUU, I would stay away for a while until proved due to close enough resemblances with the Terra ecosystem, but one might just need a deeper dive into these mechanics to make a decision.

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