What is pStake (PSTAKE)? Complete set of PSTAKE.
Liquid staking is one of the best ways to optimize profits for you, locked assets are now ready to be staked and receive more rewards and other profits. pStake on Persistence is a liquid staking project. In this article, Coin98 provides you with detailed information including:
Let’s find out together!
pStake is a solution fluid stakingso you can use staked PoS assets to generate more profit. Brothers holding tokens PoS can deposit tokens in pSTAKE to receive ERC20 tokens according to the fixed exchange rate mechanism, Mint 1: 1 ratio, in the form of pTOKEN.
Example: ATOM pATOM.
You can then use these pTOKENs to participate in other activities on Ethereum and thus generate another source of profit.
pStake is a blockchain project persistence, located in the cosmos ecosystem. Unlike traditional liquid staking models, the current one uses pStake Dual token model enable users to use their capital more efficiently.
When you deposit native assets into pStake, you get pTOKEN in return, then take away the stake in supported protocols for more profits and get a reward from pTOKENs.
Exists on pStake 2 types of tokens Shown below:
Note: Holding stkTOKENs generates profits and receives rewards as pTOKENs. In the meantime, pTOKENs must place wagers in order to generate a profit.
Activities on pStake include:
At the time of writing the article, the project did not provide the above information, the missing content will be added later by me and the team.
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PSTAKE tokens will be sold on December 16, 2021 for 6 days until December 22, 2021 on Coinlist.
PSTAKE is a token used to:
You can own PSTAKE tokens in the following ways:
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Some liquid staking solutions similar to pStake can be mentioned, such as: Metapool, Lido, …
In addition, you will find all the information about the pStake project so that you have more knowledge as you read up on the project and make your own judgment. If you have any questions about PSTAKE, please feel free to leave a comment below to discuss with us Tintucbitcoins You’re welcome!
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