pSTAKE is a liquid staking solution that unlocks the potential of staked PoS assets (e.g. ATOM). PoS token holders can deposit their tokens on the pSTAKE application to mint 1:1 pegged ERC-20 wrapped unstaked tokens, which are represented as pTOKENs (e.g. pATOM) that can then be transferred to other wallets or smart contracts on the Ethereum network to generate additional yield.
Currently, pSTAKE issues 1:1 pegged 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.
Backers
10+
3x Capital
Investment and advisory firm focused on seed-stage web3 startups.
All in Bits
AiB. Social evolution through open technology.
Persistence
Liquid Staking Hub.
Sino Global Capital
Emerging markets experts and investors in best-in-class web3 projects.
Three Arrows Capital
Hedge fund manager that provides risk-adjusted returns.
Everstake
Staking platform that specializes in PoS cryptocurrencies.
