The phrase “cash is king” is commonly used in traditional finance, but in the rapidly evolving world of decentralized finance (DeFi), liquidity is king.
Having access to deep reserves of liquidity on multiple ecosystems ensures seamless and efficient trading, allowing traders to swap between tokens with minimum slippage. Enhanced liquidity on multiple chains also creates new use cases for the token, such as earning revenues through liquidity provision and arbitrage between chains.
With that in mind, we are thrilled to announce the launch of a PSTAKE liquidity pool on Uniswap, which brings our native token to Ethereum, the largest DeFi chain in the world!
Taking PSTAKE to the Traders
Being the most popular decentralized exchange on the planet, Uniswap is absolutely unrivaled in terms of liquidity. With over $6.273 billion in total value locked, no other protocol can even come close to the deep reserves trusted inside the Uniswap contracts.
The platform’s popularity is not just a coincidence. Its user experience is designed to be straightforward, making it a trusted choice for those looking to swap between tokens without relying on a centralized exchange.
As a result, Uniswap has managed to attract over 300,000 daily active users, with an average of around $60 billion in trading volume per month. The enormous trading volume rakes in around $1 billion in fees for liquidity providers on Uniswap every year, making it the ideal location to deposit liquidity for LPs.
Uniswap’s popularity and vast Ethereum community make it a perfect fit for PSTAKE. By bringing PSTAKE to Uniswap, we’re opening doors to a world of potential growth and success, where the majority of viability and traction lies.
Key Reasons for Choosing Uniswap:
- Liquidity: Uniswap boasts deep liquidity pools, making it easier for users to trade PSTAKE without significant price slippage.
- Visibility: As one of the most widely used DEXs, listing on Uniswap increases PSTAKE’s visibility among traders and investors.
- Traction: Uniswap’s large user base means that PSTAKE can quickly gain traction and increase its positioning within the overall DeFi ecosystem
The new PSTAKE/USDC Pool is Live!
We’re excited to announce the launch of the new PSTAKE/USDC liquidity pool on Uniswap. This unique pool allows users to trade PSTAKE against USDC, providing a stable trading pair for those looking to enter or exit positions in PSTAKE.
Furthermore, by depositing liquidity, users can also earn a passive income from the revenues generated through swaps facilitated on the pool, making it a win-win situation for all participants.
Pool Details:
Trading Pair: PSTAKE/USDC
Platform: Uniswap
Benefits of Liquidity on Ethereum
Ethereum is, without a doubt, the most influential ecosystem in the blockchain space, so we’re focused on building liquidity for PSTAKE on the network. As the industry’s most cutting-edge and innovative blockchain, the best developers are on the network. It also has the biggest projects and the most users and is always driving forward to introduce new technological advancements and DeFi apps.
Building liquidity on Ethereum allows PSTAKE to leverage its robust infrastructure, secure smart contracts, and large user base. An ERC-20 version of PSTAKE with deep liquidity also enhances the token’s compatibility with various DeFi protocols, improving its appeal and utility.
Furthermore, considering it’s the most popular blockchain outside of Bitcoin, the majority of PSTAKE holders are already on Ethereum. This means our users are well-versed in the Ethereum ecosystem and wouldn’t have any complications bridging to Ethereum and interacting on the blockchain.
Finally, Ethereum’s ongoing upgrades, such as the transition to Ethereum 2.0, promise improved scalability, reduced transaction fees, and greater energy efficiency, further benefiting PSTAKE and its users. As the Ethereum ecosystem continues to evolve and expand, PSTAKE is well-positioned to capitalize on these advancements, ensuring its sustained relevance and success.
Conclusion
Bringing PSTAKE onto Uniswap marks a significant milestone in our mission to deepen liquidity across chains, increase visibility, and accelerate traction for PSTAKE token holders. Growing on Ethereum and Uniswap will ensure that PSTAKE remains a key player within the DeFi space, allowing our liquid staking solutions to gain further adoption.
