pSTAKE is 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.
$BNB liquid staking will be going live on August 8, 2022. pSTAKE currently offers liquid staking support for $ETH, $ATOM and $XPRT.
Liquid staking implementations for $SOL and $AVAX are underway, with support for more Cosmos ecosystem assets launching in the coming months.
The $PSTAKE token functions as the governance and incentivisation/dis-incentivisation token of the pSTAKE protocol. $PSTAKE holders will be incentivised to participate in the protocol’s governance to ensure its long-term success and security.
$PSTAKE tokens are also used as a dis-incentivization token in case stakeholders staking $PSTAKE act maliciously or are unable to perform their respective duties appropriately.
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stkASSETs are liquid-staked assets representing the underlying staked assets i.e. stkATOM represents staked ATOM. Currently, stkASSETs are issued as ERC-20 tokens on the Ethereum blockchain, but will soon be issued on the respective native chains for non-IBC assets and on the Persistence chain (IBC-enabled) for Cosmos ecosystem IBC assets.
ERC-20 $PSTAKE contract address: https://etherscan.io/token/0xfB5c6815cA3AC72Ce9F5006869AE67f18bF77006
$PSTAKE is also issued as a native token on Persistence chain/IBC. As with other Tendermint-based assets, this version has no contract address.
pBridge is a bridge between several blockchains, which currently powers pSTAKE. This unique bridge enables the transfer of value between multiple disparate blockchains such as Ethereum, Cosmos, Persistence, etc.
pSTAKE’s 2022 roadmap includes:
- Launch stkASSETs for ETH 2.0 (stkETH) by Q2
- Asset issuance of Tendermint-based assets (stkATOM, stkXPRT etc) on the IBC-enabled Persistence Core-1 chain by Q3
- Make stkXPRT the base-pair against all major stkASSETs
- Add support for more Cosmos ecosystem assets by Q3
- Bootstrap use-cases of stkASSETS (e.g. DEXs, borrowing/lending)
- Building liquidity for stkASSETs on the DEXs and other DeFi dApps
- Make stkASSETs the core assets of the PoS economy
Token Launch Date: 24 February 2022
The total supply of the $PSTAKE token is 500M.
The Persistence Bridge allows users to transfer ERC-20 $PSTAKE from Ethereum to the Persistence chain (and beyond via IBC).
Note: Transfers via the Persistence Bridge are currently one-way only (from Ethereum to Persistence and not vice versa).
No, the deadline for wallet address submission has passed.
The deadline for eligible participants to submit their wallet address was March 20th, 2022.
$PSTAKE tokens received by airdrop and retroactive rewards participants are distributed as native $PSTAKE tokens on the Persistence chain. See here how to display $PSTAKE token to Keplr wallet.
CoinList Token Sale (Sale Concluded)
The $PSTAKE token sale was conducted on CoinList in December 2021. Sale details can be found on the CoinList website here.
As per the vesting schedule, every month starting on 24th February 2022 (until the vesting period concludes in August).
The pSTAKE team will be distributing all $PSTAKE tokens.
$PSTAKE tokens purchased via the CoinList sale are distributed as ERC-20 version on the Ethereum network. If you wish to bridge your ERC-20 $PSTAKE to native version on the Persistence chain (IBC), you can use the bridge here.
Tokens do not need to be claimed – they’ll be sent automatically to sale participants on the 24th of every month (until the vesting period concludes) on the submitted wallet address.
Only CoinList can help with sale-related issues at this point in time, as they were the hosts of the sale.
We have distributed to all participants for whom we received wallet addresses.