pSTAKE’s architecture mirrors the underlying PoS protocols as closely as possible, hence pSTAKE has partnered with some of the best-performing and most-reputed validators currently securing the relevant underlying networks.
pSTAKE validators participate in the pSTAKE ecosystem in two main ways:
- Securing Delegations
pSTAKE stakes the deposited native tokens with the set of safelisted validators in equal proportion. This distribution can be updated through governance later. If ‘n’ validators are safelisted, each validator will have a delegation of (total pTOKENs staked / n).
- Securing pBridge
pBridge is the bridge between several blockchains, which currently powers pSTAKE. pBridge is an MPC (multi-party computation) bridge, where all the transactions are collectively signed by the bridge validators, and later broadcasted on the Tendermint or Ethereum sides. Validators can also disable the transaction broadcast if they sense an incorrect transaction/transaction bytes requested for signatures.
Below is the list of pSTAKE validator partners ensuring decentralisation and the utmost security of pSTAKE by securing both the delegations and pBridge:
About Persistence Bridge (pBridge)
pBridge is the bridge between several blockchains, which currently powers pSTAKE. This unique bridge enables transfer of value between multiple disparate blockchains such as Ethereum, Cosmos, Persistence etc.
pBridge ensures that transactions originating at the pSTAKE application end (on Ethereum), pertaining to staking, unstaking, reward redemption, etc. are instantaneously executed at the protocol end of the native chain (e.g. Cosmos). This enables seamless execution of PoS protocol transactions of native chains such as Cosmos, remote controlled from Ethereum smart contracts. You can read more about the characteristics of pBridge here.
pSTAKE is a liquid staking solution that unlocks the potential of staked PoS assets (e.g. ATOM). PoS token holders can deposit their tokens on the pSTAKE application to mint 1:1 pegged ERC-20 wrapped unstaked tokens, which are represented as pTOKENs (e.g. pATOM) that can then be transferred to other wallets or smart contracts on the Ethereum network to generate additional yield.
Currently, pSTAKE issues 1:1 pegged ERC-20 liquid staking representative tokens on the Ethereum network, with a long-term aim of building a multi-chain protocol issuing liquid staked representatives on multiple networks including the Persistence Core-1 chain.We have a bag full of new features and an exciting roadmap for the coming months so follow pSTAKE on Twitter and hop onto our Discord channel to stay up-to-date with the latest developments.
Developed by Persistence
Persistence is enabling exposure to multiple asset classes such as Liquid Staking (pSTAKE), NFTs (Asset Mantle), and Synthetics (Comdex). Persistence ecosystem products are designed to stimulate global liquidity and enable seamless value exchange.
Persistence’s Core mainnet is a Proof-of-Stake chain powered by Tendermint BFT consensus engine. Persistence’s multi-chain tech stack (currently supporting Cosmos, Ethereum, and other Tendermint-based chains) abstracts away the complexities for developers and enables them to create DEXs, marketplaces, lending/borrowing platforms, etc.