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 the main collaborations being explored currently is with Terra’s Anchor Protocol (ANC), a savings protocol that is responsible for the minting of the TerraUSD (UST) stablecoin.

ATOM tokens could eventually be used as collateral to mint UST on Anchor, which can currently only be done with LUNA and Ether.