Since its launch, pSTAKE has offered liquid staking for... - Deepstash
How To Get Rich Naval - Every Episode

Learn more about crypto with this collection

Why happiness is the ultimate goal

The importance of creating value

How to create wealth in the modern era

How To Get Rich Naval - Every Episode

Discover 90 similar ideas in

It takes just

17 mins to read

<p>Since its launch, pSTAKE ha...

Since its launch, pSTAKE has offered liquid staking for Cosmos and XPRT, which have annual yields of 12% and 32%, respectively. Users who deposit ATOM or XPRT on the protocol receive stkATOM or stkXPRT in return, which can then be used for various functions in decentralized finance (DeFi), including borrowing and lending.

According to data from Defi Llama, the pSTAKE protocol currently has a total value locked (TVL) of $48.63 million.

Developers behind the project are currently working on adding support for other tokens including Ether, Terra (LUNA ) and Solana (SOL ).


12 reads


pSTAKE airdrop and ongoing developments

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 ...


10 reads

Heavy hitters back the project with a $10 million seed funding round

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...


8 reads

Similar to Lido and Anchor Protocol, pSTAKE brings liquid staking to the Cosmos ecosystem and allows ATOM and XPRT holders to integrate with DeFi on a deeper level.

As more projects launch or transition to the PoS model, a new class of protocols have emerged that are focused on offering liq...


19 reads

Liquid staking comes to the Cosmos ecosystem

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 ...


8 reads




#engineering, #machinelearning and #crypto

Read & Learn

20x Faster





Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.


I agree to receive email updates