ATOM is the primary driver of application and DeFi utility across Cosmos Hub and other IBC chains within the Cosmos ecosystem. When staked by users and validators, ATOM is essential for securing and further decentralizing Cosmos Hub.
With information surrounding ATOM staking spread across different sources, members of the Cosmos community (including ATOM holders and stakers) need a birds-eye view of the important highlights and data.
This report provides an umbrella analysis of the current state of ATOM staking, including all key statistics and metrics on Cosmos Hub and month-over-month trend analysis.
Read the rest of this article on our Medium blog: https://bit.ly/3S2LHtB
pSTAKE is a liquid staking 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 staked underlying representative tokens (stkASSETs) which can be used to explore additional yield opportunities across DeFi.
At present, pSTAKE supports Binance (BNB), Cosmos (ATOM), Persistence (XPRT), and Ethereum (ETH) networks’ native tokens, with a view to support more chains and assets in the future (SOL, and AVAX).
Developed by Persistence
Persistence is building an ecosystem of decentralized applications whose financial activities drive value accrual for $XPRT, which lies at the core of the Persistence ecosystem. This goes hand-in-hand with our vision of evolving pSTAKE’s stkASSETs to become the core assets of the PoS economy.
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.