pSTAKE Finance update: PSTAKE Live price, price chart, news and markets

The PSTAKE price update as of now is $0.05634. In the previous 24 hours, its trading volume was $6,638,524, and its value has increased by 14.03%. As of now, PSTAKE's live market cap is $27,920,822, and it is ranked as the #682 on the Coincu. PSTAKE has a circulating supply of 500,000,000 and a maximum supply of 500,000,000.

About pSTAKE Finance pSTAKE Finance is a cutting-edge staking protocol created by Persistence. This innovative platform aims to maximize the potential of Proof-of-Stake (PoS) coins. By utilizing the pSTAKE app, users can deposit assets and generate pTOKEN, which are ERC-20 tokens at a 1:1 ratio. Main Features of pSTAKE Finance pSTAKE is an integral part of the Persistence blockchain ecosystem, operating within the Cosmos network. This platform stands out from traditional liquid staking models by implementing a dual token system that optimizes capital utilization. Upon depositing assets into pSTAKE, users receive pTOKEN. These tokens can then be staked in supported protocols, allowing users to earn additional rewards and profits. The pSTAKE platform supports two types of tokens: - pTOKEN: These are ERC20 tokens that do not contribute to staking. The system automatically wraps and mints tokens at a 1:1 ratio. For instance, ATOM becomes pATOM. - stkTOKEN: These are ERC20 tokens obtained through staking pTOKENs on PoS platforms integrated with pSTAKE. The swap ratio is also 1:1. Please note that holding stkTOKENs generates profits and rewards in the form of pTOKENs, while pTOKENs need to be staked to generate profits. Activities on pSTAKE Finance - Wrap: The pBridge feature allows for token minting and burning at a 1:1 ratio. For example, you can mint 1 pATOM and burn 1 ATOM. - Stake: PSTAKE holders can stake their assets to mint stkTOKEN. - Unstake: One unique aspect of pSTAKE is the ability to immediately unstake assets and retrieve pTOKENs without any waiting period. - Stake LP: pSTAKE offers the Stake LP feature, enabling stkTOKENs to participate in other DeFi products and receive rewards. Users should leverage DeFi protocols supported by pSTAKE to maximize rewards. For instance, the stkATOM/ETH pool on Sushiswap. - Claim Reward: Rewards can be claimed at any time. Unwrap: The "withdraw" command allows users to withdraw tokens to their wallets. However, this command is only applicable when unstaking stkTOKEN and minting pTOKEN. - pBridge: This feature acts as a bridge between different blockchains, including Ethereum, Cosmos, and Persistence. pBridge ensures fast transaction speeds, decentralization, high trust, security, and resilience against system errors. For additional information, please visit the pSTAKE Finance website.