The State of ATOM Staking: July 2022 Report

This report covers the current state of ATOM staking over the last month, containing a deep analysis of key statistics and metrics of the token and Cosmos Hub.

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 

About pSTAKE

pSTAKE is a liquid staking solution that unlocks the potential of staked PoS assets (e.g. ATOM). PoS token holders can stake their tokens via the pSTAKE application to receive stkASSETs (ERC-20 representative assets of the respective underlying tokens) that can then be transferred to other wallets or smart contracts on the Ethereum network to generate additional yield.

Currently, pSTAKE issues 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.

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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.

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