What is pSTAKE
pSTAKE is the protocol that unlocks liquidity for your staked assets. With pSTAKE, you can securely stake your Proof-of-Stake (PoS) assets, participate in protocol improvements and security to earn staking rewards, and receive 1:1 pegged staked representative tokens which can be used to explore yield opportunities across DeFi.
At present, pSTAKE supports Cosmos and Persistence networks’ native tokens with a view to support more chains and assets in the future.
pSTAKE issues staked representative tokens through a custom bridge built to tap into the growth of the Cosmos ecosystem while accessing the liquidity and composability of Ethereum. Users can either hold these representative tokens as ERC-20 to maintain the liquidity of their staked assets, or use them to discover yields offered by other DeFi protocols.
Details
IEO (Coinlist Launchpad): Dec 16, 2021 – Dec 16, 2021
Token supply: 500,000,000 PSTAKE
Raised: 10,000,000 USD
Legal
Country limitations: United States, China, Canada, South Korea
Registration year: 2021
Token info
Ticker: PSTAKE
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 PSTAKE = 0.4 USD
Accepted currencies: BTC, ALGO, SOL, ETH, USDC, USDT
Token distribution:
Alpha Launchpad – 2%
Seed Sale – 20%
Public Sale – 5%
Team – 16%
Incentivisation & Community Development – 26%
XPRT Stakers – 3%
Treasury – 20%
Protocol Bootstrapping – 2%
Retroactive Rewards – 6%
