pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem

pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem

As more projects launch or transition to the PoS model, a new class of protocols have emerged that are focused on offering liquid staking options that allow token holders to tap into the value held in their staked tokens while still earning a yield for locking their assets on the network. pSTAKE Finance is one such protocol.

Heavy hitters back the project with a $10M seed funding round

pSTAK project is part of the Persistence (XPRT) protocol, a multi-chain tech stack that supports Cosmos (ATOM), Ethereum (ETH) and other Tendermint-based chains

Liquid staking comes to the Cosmos ecosystem

pSTAKE focuses on increasing liquidity for protocols that are part of the Inter-Blockchain Communication Protocol (IBC) through adding Ethereum Virtual Machine (EVM) compatibility.

pSTAKE Airdrop and ongoing developments

The project launched an airdrop of its token to increase community support and reward early adopters.

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