pSTAKE Finance PSTAKE Coin Price is $0.11 Market Cap $48.18 M

$0.11

3.49% (24H)
Low $0.11
High $0.11
  • Market Cap $48.18 M
  • Volume $1.45 M
  • Available Supply 439.65 M PSTAKE

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Date Price Volume MarketCap
# Exchange Pair Price Volume (24h) Updated Trust Score

pSTAKE Finance PSTAKE coin price is $0.11 with a market cap of $48.18 M. pSTAKE Finance Cryptocurrency price is 3.49% up in last 24 hours.

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 pegged ERC- wrapped unstaked tokens represented as pTOKENs e g pATOM Users can convert pTOKENs into wrapped ERC- 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 ATOM on pSTAKE She receives pATOM representing ATOM deposited onto the pSTAKE platform As long Alice has pATOM she... Read More
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