pSTAKE has joined the likes of Osmosis, Uniswap and PancakeSwap as the next DeFi/PoS extension on the Citadel.one platform. This integration broadens the accessibility of pSTAKE and provides a direct onramp for Citadel.one’s community of 60,000+ users.
Liquid staking is now more accessible than ever.
What is Citadel.one?
Citadel.one is a comprehensive staking & DeFi platform for the management and storage of crypto assets, offering users a unified UX across multiple networks. Users can create public addresses for all supported networks with one seed phrase, connect their Ledger or Trezor device, or import an address generated by another wallet.
One of the primary functions of the Citadel.one platform is participation in PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab.
Citadel.one also offers a range of extensions to allow their users to utilize DeFi and PoS services from directly within the app. pSTAKE is the latest addition to their integrations.
How to Use pSTAKE on Citadel.one
Launching and utilizing the pSTAKE extension within Citadel.one is seamless. When logged into your Citadel.one account, simply navigate to the extensions tab, click the pSTAKE extension, and begin utilizing pSTAKE natively within the app.
Citadel has released a comprehensive guide, covering how to execute the following:
- Launch the pSTAKE extension
- Deposit and stake assets
- Claim staking rewards
- Unstake and withdraw assets
Learn how to utilize the pSTAKE extension and more about the features available with Citadel’s dedicated guide here: http://link.medium.com/HGoeobrk8ob
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 pASSETs (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 our socials below to stay up-to-date with the latest developments.