pSTAKE’s Liquid Staking Solution for BNB

BNB Chain is thriving with activity and TVL. pSTAKE’s BNB liquid staking solution aims to supercharge its ecosystem through the stkBNB token.

BNB Chain is a thriving ecosystem of DeFi (decentralized finance) solutions and products that’s taken the world by storm since its inception in 2019. As the network has grown in popularity, so has its user base, TVL (total value locked), and overall activity.

Now, the chain has accelerated to the fifth rank in terms of market capitalization (third layer-1 network behind Bitcoin and Ethereum) and first when it comes to overall network activity, with 3.3M+ daily transactions.

After months of rigorous development and careful testing, which included a partnership with Binance Labs and a series of audits by leading blockchain security firms, pSTAKE is now moving forward with its mainnet launch for BNB liquid staking.

Read the rest of this article on CoinMarketCap: https://coinmarketcap.com/community/articles/32880

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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