Liquid Staking Protocol pSTAKE Partners With Crypto Custodian Firm Anchorage Digital
pSTAKE is the product of Persistence, a layer 1 blockchain network focused on decentralized finance (DeFi) applications that unlocks the liquidity of staking assets.
After Ethereum switched to proof-of-stake (PoS) consensus last month, this partnership takes place. New tokens represent ownership of staked tokens, are fully transferable and can generate profits.
Persistence founder Tushar Aggarwal shared, “In the long term, we want to work with Anchorage and other custodial providers to provide custody for liquid staking assets.”
In August, pSTAKE went live with a liquid staking system for BNB Chain (BNB). The company also offers liquid staking products for Ethereum and Cosmos, and plans to announce other products for Solana and Avalanche soon.
Liquid staking has become more popular with institutions, especially after the Ethereum network moved to proof of stake.
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