| General information | |
|---|---|
| Global rank: | 742 |
| Name: |
pSTAKE Finance |
| Symbol: | PSTAKE |
| Current coin price (BMD): | 0.059 $ |
| Last hour: | arrow_upward0.380 % |
| Last 24 hours: | arrow_downward-0.890 % |
| Last 7 days: | 17.39 %trending_up |
| Capitalisation (BMD): | 26 102 104.00 $ |
| Volume 24h (BMD): | 1 437 706.00 $ |
| Available supply: | 439 651 042.00 PSTAKE |
| Total coin supply: | -1 PSTAKE |
| Start date: | 2022-01-11 |
pSTAKE Finance/Bermudan Dollar (PSTAKE/BMD) price chart
pSTAKE Finance/Bermudan Dollar (PSTAKE/BMD) capitalisation and volume charts
pSTAKE is a liquid staking protocol that unlocks the true potential of staked PoS assets (e.g., ATOM). PoS token holders can deposit their tokens onto the pSTAKE platform to mint 1:1 pegged ERC-20 wrapped unstaked tokens represented as pTOKENs (e.g., pATOM). Users can convert pTOKENs into 1:1 wrapped ERC-20 staked representatives called stkTOKENs by staking the underlying deposited PoS tokens. stkTOKENs, representing staked tokens, accrue staking rewards in the form of pTOKENs (This mirrors the workings of most PoS chains where staking rewards aren't automatically compounded but earned in the form of liquid tokens which can be claimed by a user at any point in time).
pSTAKE allows its users to utilize stkTOKENs in various DeFi protocols to earn additional yield on top of their staking rewards.