pSTAKE Finance($PSTAKE)
$0.02459892
Low $0.02415437
High $0.02577254
1h
-4h
-1d
-
Volume
$514,155.00
Market Cap
$6,800,501.00
Fully Diluted
$12,299,460.00
Market cap Value
7.56 %
Circulating Supply
276,111,115
Max Supply
∞
Total Supply
500,000,000
% of Total Supply
55.22%Tags
Funds
Influencers
No influencers found
Data not found or doesn't existCoinScouts Grade
What is pSTAKE Finance?
"pSTAKE is a liquid staking protocol that unlocks the true potential of staked PoS assets (e.g., ATOM). PoS token holders can deposit their tokens onto the pSTAKE platform to mint 1:1 pegged ERC-20 wrapped unstaked tokens represented as pTO...
"pSTAKE is a liquid staking protocol that unlocks the true potential of staked PoS assets (e.g., ATOM). PoS token holders can deposit their tokens onto the pSTAKE platform to mint 1:1 pegged ERC-20 wrapped unstaked tokens represented as pTOKENs (e.g., pATOM). Users can convert pTOKENs into 1:1 wrapped ERC-20 staked representatives called stkTOKENs by staking the underlying deposited PoS tokens. stkTOKENs, representing staked tokens, accrue staking rewards in the form of pTOKENs (This mirrors the workings of most PoS chains where staking rewards aren't automatically compounded but earned in the form of liquid tokens which can be claimed by a user at any point in time).
pSTAKE allows its users to utilize stkTOKENs in various DeFi protocols to earn additional yield on top of their staking rewards.
Example: Alice wraps (deposits) 100 ATOM on pSTAKE. She receives 100 pATOM representing 100 ATOM deposited onto the pSTAKE platform. As long Alice has 100 pATOM, she can redeem 100 ATOM (1:1) from the platform back into her Cosmos wallet by burning off her pATOM balance (This is the unwrapping process).
After receiving 100 pATOM, she decides to stake the underlying deposit of 100 ATOM on the Cosmos Hub to earn staking rewards (assume ~7% Annually). On staking, Alice receives 100 stkATOM, and her pATOM balance is now changed to 0 (pATOM burned, stkATOM minted). Let's assume there's an already existing stkATOM-ETH liquidity pool on SushiSwap. Alice supplies all her stkATOM and an equivalent amount of ETH into the Sushi pool to become a liquidity provider (LP). A portion of the trading fees generated on SushiSwap is distributed to all the LPs (Assume that this results in 9% yields annually). Thus, if Alice doesn't face any Impermanent loss at the end of the year, she would earn (7+9)% yield on her 100 ATOM holdings instead of the usual 7% she would have received by simply staking (and not liquid staking). Alice, being a PoS coin staker, leverages pSTAKE's technology to generate additional yield."
Issuance Blockchain
Ethereum
Chart
pSTAKE Finance Statistics
Price change 1 hour
-0.67%Price change 24 hour
1.33%Price change 7 days
-15.90%Price change 14 days
-14.41%Price change 30 days
0.00%Price
$0.0245989224 Hour Trading Volume
$514,155.0024 Hour Volume Change
0.48%Market cap
$6,800,501.0024 Hour Market Cap Change
-3.03%Fully Diluted Market Cap
$12,299,460.00All Time Low/High
$0.02415437 | $1.21Percentage Change Since All Time High
-97.98%Percentage Change Since All Time Low
1.30%Market cap rank
#1049Volume / Market Cap
0.07561Issuance Blockchain
EthereumCirculating Supply
276,111,115 (55.22%)Max Supply
∞Total Supply
500,000,00024h Volatility
n/aTwitter Followers
0Telegram Users
0Reddit Subscribers
0Github subs
0Github issues
0pSTAKE Finance Markets
All markets (10)
| Exchange | Pair | Volume | Action | Trust score |
|---|---|---|---|---|
| Huobi Global | PSTAKE/USDT | $47,371.00 | Trade | |
| Bitget | PSTAKE/USDT | $37,121.00 | Trade | |
| BitMart | PSTAKE/USDT | $23,383.00 | Trade | |
| Gate.io | PSTAKE/USDT | $18,388.72 | Trade | |
| MEXC Global | PSTAKE/USDT | $14,474.23 | Trade |
Similar projects
No similar projects for pSTAKE Finance known.
pSTAKE Finance News
No news for pSTAKE Finance known.
Upcoming pSTAKE Finance Events
No upcoming events for pSTAKE Finance known.
Twitter of pSTAKE Finance unknown.
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