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SoSo Daily Jun. 1 | SEC Questions the Legitimacy of REX's Ethereum and Solana Staking ETFs Submission
SoSo Daily Jun. 1 | SEC Questions the Legitimacy of REX's Ethereum and Solana Staking ETFs Submission
SoSo Daily Jun. 1 | SEC Questions the Legitimacy of REX's Ethereum and Solana Staking ETFs Submission
SoSo Daily Jun. 1 | SEC Questions the Legitimacy of REX's Ethereum and Solana Staking ETFs Submission
SoSo Daily Jun. 1 | SEC Questions the Legitimacy of REX's Ethereum and Solana Staking ETFs Submission
SoSo Daily Jun. 1 | SEC Questions the Legitimacy of REX's Ethereum and Solana Staking ETFs Submission
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Al-Driven Crypto Investment Research Revolution

pSTAKE Finance

$0.05927-1.3%
PSTAKE/USDT
OKX
Total dollar volume:
Market Cap:
FDV:
Turnover rate:
News
Tweets
Research
Pairs
Transaction
From Official
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🚀 24H Top 5 Gainers on #KuCoin (May 22, 2025) 1. #FREEDOG (@theFreeDogs_bot) - $0.003 (+272%) 2. $PSTAKE (@pStakeFinance) - $0.1 (+85%) 3. $YULI (@TheYuliverse) - $0.0014 (+69%) 4. $AGT (@Alaya_AI) - $0.032 (+61%) 5. $SLC (@silencioNetwork) - $0.00031 (+56%) #Ku24hour
$PSTAKE
kucoincom
10 days ago
🆙 Daily Top Gainers from #XT #BeyondTrade #XTrade 📅 Apr 24, 2025 🚀 $SOIL +64.88% 🚀 $PSTAKE +57.18% 🚀 $JELLYJELLY +55.96% 🚀 $MANEKI +39.00% 🚀 $ITALIANROT +34.65% 👉 Trade on https://t.co/BYq2SIuB9A https://t.co/nFexF6nIpY
$JELLYJELLY
$PSTAKE
XTexchange
Apr 24, 2025
Binance Alpha announced the fourth batch of tokens, including BANANA, KOGE, BOB, MGP, PSTAKE, GNON, Shoggoth, LUCE, and ODOS. Binance Alpha is the pre-selected pool for Binance listings.
$BANANA
$GNON
$LUCE
WuBlockchain
Dec 20, 2024
Binance Labs transferred four investment project tokens worth about $2.79 million to Gate today, presumably in preparation for sale. These tokens include 47.61 million UNA (about $1.27 million), 25 million PSTAKE (about $1.24 million), 2.85 million SIS (about $270,000), and 2 million HIP (about $7,330). These four projects are all invested by Binance Labs, and the tokens are unlocked through investment, and are not currently listed on Binance.
#Fundraising
$PSTAKE
$SIS
$GT
WuBlockchain
Nov 14, 2024
Binance Labs Prepares to Sell Four Altcoins: UNA, SIS, PSTAKE, and HIP
#Fundraising
$PSTAKE
$SIS
$BNB
BitcoinSistemi
Nov 14, 2024
Bitcoin Renaissance: w/ @pStakeFinance pSTAKE Finance is a Bitcoin Yield protocol, backed by Binance Labs.With pSTAKE Finance, users can liquid stake BTC to get rewards from Babylon's Trustless BTC staking for securing other app chains while maintaining their liquidity.🎙️Host: @_erikio🎙️Guests: @Bartjh1107, @PandeyMikhil 🗓️Date: Thurs, Oct 3rd @ 11AM EST
#Bitcoin
$BTC
$BNB
$PSTAKE
babylonlabs_io
Oct 1, 2024
Unisat Wallet has integrated the liquidity staking protocol pStake Finance, allowing users to earn rewards by staking BTC.
#DeFi
$BTC
$PSTAKE
$MAG7.SSI
ForesightNews
Aug 30, 2024
Unisat Wallet Integrates Bitcoin Staking Protocol pStake Finance
#DeFi
$BTC
$PSTAKE
$MAG7.SSI
BlockBeats
Aug 30, 2024
For those who missed the pre-staking event of Binance Babylon at the beginning of August, here comes another opportunity! 💨 If you don't want to wait for the Babylon mainnet to go live👇 - Spend time grabbing quotas (total of $1000 BTC quotas) - Stake in installments and waste miner fees (0.05 BTC maximum stake per address) - Hesitate in choosing which node operator to stake with The limited-time staking event by pSTAKE (@pStakeFinance) is perfect for you. From August 16 to August 22, 08:00 (Beijing time), you can deposit any amount of BTC, and pSTAKE will help you with subsequent batch fund deposits and node operator selection, making it worry-free and effortless ⚡️ Moreover, staking during the event can also share a $100,000 worth of $PSTAKE token rewards, which is an additional benefit from the project team. If you already have staking needs, then it's a no-brainer to participate 😆 In this event, pSTAKE has a staking hard cap of 50 BTC, with about half of it still available. Those who want to participate need to act quickly; for more details about the event, check out the blog 👉 https://t.co/Rp3gZ24X1v
#DeFi
$BTC
$PSTAKE
$MAG7.SSI
ai_9684xtpa
Aug 19, 2024
🔥 pSTAKE X Master Protocol Giveaway✨ @pStakeFinance is making BTC yield-generating with a liquid staking solution for the $1T+ Bitcoin market. It is now integrated to Master Bot: https://t.co/ol2TpLtOyd. 🏆 To celebrate this collaboration, pSTAKE provides a generous prize pool: 5000 USDC worth of $PSTAKE. Note: $PSTAKE is listed on major CEXs and DEXs for trading.🎁 Users can earn $PSTAKE through the Master Bot. Additionally, we have jointly organized a series of exciting events, including Community AMA, TaskOn Quest, Referral Competition, and more. Participate for a chance to share in a total prize pool worth 5000 USDC!💰 Multiple events with multiple rewards! Read the thread to know more 👇
#DeFi
$BTC
$MAG7.SSI
$PSTAKE
MasterProtocol_
Jul 31, 2024
pSTAKE Finance launches Bitcoin liquidity staking solution on Babylon
#DeFi
$BTC
$PSTAKE
$MAG7.SSI
ForesightNews
Jul 29, 2024
pSTAKE Finance will launch BTC staking service at 18:00 on July 29th, with a deposit limit of 50 $BTC.
#DeFi
$BTC
$PSTAKE
$MAG7.SSI
TechFlow
Jul 29, 2024
PSTAKE price breaks $0.12, with a 24-hour increase of over 20%
#DeFi
$PSTAKE
$HTX
律动
Jul 2, 2024
PSTAKE Price Surges Over 20%, Reaches $0.12
#DeFi
$PSTAKE
$HTX
BlockBeats
Jul 2, 2024
Airdrop Sharing - pSTAKE & Babylon Double Benefits- Liquidity staking protocol invested by Binance Labs and Coinbase- The BTC LSD testnet based on Babylon has been launched, allowing participation in two major projects- pSTAKE may become the first token listed on the BTC LSDDetails of the interaction process are as follows🧵👇1/ pSTAKE PointsBabylon's official account just retweeted this activity, but the pSTAKE website still shows that 'Point' is in the upcoming stateThis is another attempt by pSTAKE after integrating SOL staking, entering the Bitcoin LSD ecosystem based on the popular Babylon. Also invested by Binance Labs, the subsequent bilateral points should be stable, similar to 'https://t.co/WkyzgmMNNS staking ETH to earn EIGEN points' for reference2/ $PSTAKE StatusAs the project governance token, nearly 88% of $PSTAKE tokens are in circulation, with token distribution as shown in the figureDue to the completion of VC unlocks and the relatively high staking rate, the selling pressure for the upcoming airdrop portion should be relatively small3/ Testnet InteractionSince the official announcement of the testnet launch on 06.18, there have been a total of 5888 sBTC deposit and withdrawal operations, with a total staked amount of 11.01 sBTC (the minimum amount for a single operation is 0.00001 sBTC)With an average of 420 interactions per day, it's quite relaxed haha. After all, having fewer participants in airdrop activities isn't a bad thing4/ Interaction Process1️⃣ Visit the testnet website https://t.co/8GpaqKnzDY2️⃣ Enter the invitation code: BABYLON - Refreshes every 24 hours, need to obtain it from the official TG or Discord3️⃣ Open the OKX plugin wallet: Scroll down to 'Currency Management,' add the sBTC test token4️⃣ Set the default address format for sBTC to start with 'tb1q' Native Segwit address5️⃣ Obtain sBTC from the faucet, sources are as followshttps://t.co/3w2nR0UTO7https://t.co/IuWr6NzIfM6️⃣ Connect the wallet to the test page, complete at least 0.0001 sBTC deposit and withdrawal (wallet balance needs 1-3 blocks to update, no waiting period for testnet withdrawals)6/ Other Social Media ActivitiesIn addition to testnet interactions, points can also be obtained through specific Twitter posts / obtaining Discord roles / submitting feedback forms. I won't go into detail here, but if interested, you can check the blog for more information, the link is at the bottomBlog Link 👉 https://t.co/2lmMBkX3aD
#DeFi
$BTC
$PSTAKE
$MAG7.SSI
ai_9684xtpa
Jul 1, 2024
🚀We are thrilled to announce our partnership with @pStakeFinance .🌟pSTAKE Finance is a Bitcoin Yield and liquid staking protocol on @babylon_chain , backed by @BinanceLabs . With pSTAKE Finance, users can liquid stake BTC to get rewards from Babylon's Trustless BTC staking for securing other app chains while maintaining their liquidity.🎉We will list yBTC on the Master Yield Market to allow yield trading. Subsequently, we will work together closely to promote more collaborations to bring users additional yield opportunities with Bitcoin assets.
#DeFi
$BTC
$PSTAKE
$BABY
MasterProtocol_
Jun 20, 2024
pSTAKE Finance collaborates with Babylon to launch BTC staking service, token market cap reaches $57 million
#DeFi
$BNB
$BTC
$PSTAKE
Odaily 精选
Jun 5, 2024
PSTAKE price breaks $0.13, surging over 40% in the last 24 hours.
#DeFi
$PSTAKE
律动
Jun 4, 2024
PSTAKE Surges Over 40% in 24 Hours, Breaks Through $0.13
#DeFi
$PSTAKE
$OKB
BlockBeats
Jun 4, 2024
29 Binance Investments Unlisted Tokens Exposed, Some with Market Cap Exceeding $1 Billion
#DeFi
$BBS
$HOPR
$OOE
吴说
May 17, 2024
Scan QR Code to Explore more key information
Al-Driven Crypto Investment Research Revolution
Scan QR Code to Explore more key information

pSTAKE Finance

PSTAKE

News
Tweets
Research
Pairs
Transaction
From Official
View All News
🚀 24H Top 5 Gainers on #KuCoin (May 22, 2025) 1. #FREEDOG (@theFreeDogs_bot) - $0.003 (+272%) 2. $PSTAKE (@pStakeFinance) - $0.1 (+85%) 3. $YULI (@TheYuliverse) - $0.0014 (+69%) 4. $AGT (@Alaya_AI) - $0.032 (+61%) 5. $SLC (@silencioNetwork) - $0.00031 (+56%) #Ku24hour
$PSTAKE
kucoincom
10 days ago
🆙 Daily Top Gainers from #XT #BeyondTrade #XTrade 📅 Apr 24, 2025 🚀 $SOIL +64.88% 🚀 $PSTAKE +57.18% 🚀 $JELLYJELLY +55.96% 🚀 $MANEKI +39.00% 🚀 $ITALIANROT +34.65% 👉 Trade on https://t.co/BYq2SIuB9A https://t.co/nFexF6nIpY
$JELLYJELLY
$PSTAKE
XTexchange
Apr 24, 2025
Binance Alpha announced the fourth batch of tokens, including BANANA, KOGE, BOB, MGP, PSTAKE, GNON, Shoggoth, LUCE, and ODOS. Binance Alpha is the pre-selected pool for Binance listings.
$BANANA
$GNON
$LUCE
WuBlockchain
Dec 20, 2024
Binance Labs transferred four investment project tokens worth about $2.79 million to Gate today, presumably in preparation for sale. These tokens include 47.61 million UNA (about $1.27 million), 25 million PSTAKE (about $1.24 million), 2.85 million SIS (about $270,000), and 2 million HIP (about $7,330). These four projects are all invested by Binance Labs, and the tokens are unlocked through investment, and are not currently listed on Binance.
#Fundraising
$PSTAKE
$SIS
$GT
WuBlockchain
Nov 14, 2024
Binance Labs Prepares to Sell Four Altcoins: UNA, SIS, PSTAKE, and HIP
#Fundraising
$PSTAKE
$SIS
$BNB
BitcoinSistemi
Nov 14, 2024
Bitcoin Renaissance: w/ @pStakeFinance pSTAKE Finance is a Bitcoin Yield protocol, backed by Binance Labs.With pSTAKE Finance, users can liquid stake BTC to get rewards from Babylon's Trustless BTC staking for securing other app chains while maintaining their liquidity.🎙️Host: @_erikio🎙️Guests: @Bartjh1107, @PandeyMikhil 🗓️Date: Thurs, Oct 3rd @ 11AM EST
#Bitcoin
$BTC
$BNB
$PSTAKE
babylonlabs_io
Oct 1, 2024
Unisat Wallet has integrated the liquidity staking protocol pStake Finance, allowing users to earn rewards by staking BTC.
#DeFi
$BTC
$PSTAKE
$MAG7.SSI
ForesightNews
Aug 30, 2024
Unisat Wallet Integrates Bitcoin Staking Protocol pStake Finance
#DeFi
$BTC
$PSTAKE
$MAG7.SSI
BlockBeats
Aug 30, 2024
For those who missed the pre-staking event of Binance Babylon at the beginning of August, here comes another opportunity! 💨 If you don't want to wait for the Babylon mainnet to go live👇 - Spend time grabbing quotas (total of $1000 BTC quotas) - Stake in installments and waste miner fees (0.05 BTC maximum stake per address) - Hesitate in choosing which node operator to stake with The limited-time staking event by pSTAKE (@pStakeFinance) is perfect for you. From August 16 to August 22, 08:00 (Beijing time), you can deposit any amount of BTC, and pSTAKE will help you with subsequent batch fund deposits and node operator selection, making it worry-free and effortless ⚡️ Moreover, staking during the event can also share a $100,000 worth of $PSTAKE token rewards, which is an additional benefit from the project team. If you already have staking needs, then it's a no-brainer to participate 😆 In this event, pSTAKE has a staking hard cap of 50 BTC, with about half of it still available. Those who want to participate need to act quickly; for more details about the event, check out the blog 👉 https://t.co/Rp3gZ24X1v
#DeFi
$BTC
$PSTAKE
$MAG7.SSI
ai_9684xtpa
Aug 19, 2024
🔥 pSTAKE X Master Protocol Giveaway✨ @pStakeFinance is making BTC yield-generating with a liquid staking solution for the $1T+ Bitcoin market. It is now integrated to Master Bot: https://t.co/ol2TpLtOyd. 🏆 To celebrate this collaboration, pSTAKE provides a generous prize pool: 5000 USDC worth of $PSTAKE. Note: $PSTAKE is listed on major CEXs and DEXs for trading.🎁 Users can earn $PSTAKE through the Master Bot. Additionally, we have jointly organized a series of exciting events, including Community AMA, TaskOn Quest, Referral Competition, and more. Participate for a chance to share in a total prize pool worth 5000 USDC!💰 Multiple events with multiple rewards! Read the thread to know more 👇
#DeFi
$BTC
$MAG7.SSI
$PSTAKE
MasterProtocol_
Jul 31, 2024
pSTAKE Finance launches Bitcoin liquidity staking solution on Babylon
#DeFi
$BTC
$PSTAKE
$MAG7.SSI
ForesightNews
Jul 29, 2024
pSTAKE Finance will launch BTC staking service at 18:00 on July 29th, with a deposit limit of 50 $BTC.
#DeFi
$BTC
$PSTAKE
$MAG7.SSI
TechFlow
Jul 29, 2024
PSTAKE price breaks $0.12, with a 24-hour increase of over 20%
#DeFi
$PSTAKE
$HTX
律动
Jul 2, 2024
PSTAKE Price Surges Over 20%, Reaches $0.12
#DeFi
$PSTAKE
$HTX
BlockBeats
Jul 2, 2024
Airdrop Sharing - pSTAKE & Babylon Double Benefits- Liquidity staking protocol invested by Binance Labs and Coinbase- The BTC LSD testnet based on Babylon has been launched, allowing participation in two major projects- pSTAKE may become the first token listed on the BTC LSDDetails of the interaction process are as follows🧵👇1/ pSTAKE PointsBabylon's official account just retweeted this activity, but the pSTAKE website still shows that 'Point' is in the upcoming stateThis is another attempt by pSTAKE after integrating SOL staking, entering the Bitcoin LSD ecosystem based on the popular Babylon. Also invested by Binance Labs, the subsequent bilateral points should be stable, similar to 'https://t.co/WkyzgmMNNS staking ETH to earn EIGEN points' for reference2/ $PSTAKE StatusAs the project governance token, nearly 88% of $PSTAKE tokens are in circulation, with token distribution as shown in the figureDue to the completion of VC unlocks and the relatively high staking rate, the selling pressure for the upcoming airdrop portion should be relatively small3/ Testnet InteractionSince the official announcement of the testnet launch on 06.18, there have been a total of 5888 sBTC deposit and withdrawal operations, with a total staked amount of 11.01 sBTC (the minimum amount for a single operation is 0.00001 sBTC)With an average of 420 interactions per day, it's quite relaxed haha. After all, having fewer participants in airdrop activities isn't a bad thing4/ Interaction Process1️⃣ Visit the testnet website https://t.co/8GpaqKnzDY2️⃣ Enter the invitation code: BABYLON - Refreshes every 24 hours, need to obtain it from the official TG or Discord3️⃣ Open the OKX plugin wallet: Scroll down to 'Currency Management,' add the sBTC test token4️⃣ Set the default address format for sBTC to start with 'tb1q' Native Segwit address5️⃣ Obtain sBTC from the faucet, sources are as followshttps://t.co/3w2nR0UTO7https://t.co/IuWr6NzIfM6️⃣ Connect the wallet to the test page, complete at least 0.0001 sBTC deposit and withdrawal (wallet balance needs 1-3 blocks to update, no waiting period for testnet withdrawals)6/ Other Social Media ActivitiesIn addition to testnet interactions, points can also be obtained through specific Twitter posts / obtaining Discord roles / submitting feedback forms. I won't go into detail here, but if interested, you can check the blog for more information, the link is at the bottomBlog Link 👉 https://t.co/2lmMBkX3aD
#DeFi
$BTC
$PSTAKE
$MAG7.SSI
ai_9684xtpa
Jul 1, 2024
🚀We are thrilled to announce our partnership with @pStakeFinance .🌟pSTAKE Finance is a Bitcoin Yield and liquid staking protocol on @babylon_chain , backed by @BinanceLabs . With pSTAKE Finance, users can liquid stake BTC to get rewards from Babylon's Trustless BTC staking for securing other app chains while maintaining their liquidity.🎉We will list yBTC on the Master Yield Market to allow yield trading. Subsequently, we will work together closely to promote more collaborations to bring users additional yield opportunities with Bitcoin assets.
#DeFi
$BTC
$PSTAKE
$BABY
MasterProtocol_
Jun 20, 2024
pSTAKE Finance collaborates with Babylon to launch BTC staking service, token market cap reaches $57 million
#DeFi
$BNB
$BTC
$PSTAKE
Odaily 精选
Jun 5, 2024
PSTAKE price breaks $0.13, surging over 40% in the last 24 hours.
#DeFi
$PSTAKE
律动
Jun 4, 2024
PSTAKE Surges Over 40% in 24 Hours, Breaks Through $0.13
#DeFi
$PSTAKE
$OKB
BlockBeats
Jun 4, 2024
29 Binance Investments Unlisted Tokens Exposed, Some with Market Cap Exceeding $1 Billion
#DeFi
$BBS
$HOPR
$OOE
吴说
May 17, 2024
pSTAKE FinanceGoogle Search Trends
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Al-Driven Crypto Investment Research Revolution

pSTAKE Finance Timeline

Incentivisation & Community Development 130M
Seed 100M
Treasury 100M
Team 80M
Retroactive Rewards 29.98M
Public Sale 24.98M
XPRT Stakers 15M
Alpha Launchpad 10M
Protocol Bootstrapping 10M
Scan QR Code to Explore more key information
Al-Driven Crypto Investment Research Revolution

pSTAKE Finance Token unlock

Unlocked: 100.00%(50.00b)
Total Locked: 0.00%(0.0)
Untracked: 0.00%(0.0)
Scan QR Code to Explore more key information
Al-Driven Crypto Investment Research Revolution

pSTAKE Finance Token allocation

Incentivisation & Community Development:26.00%(130.00m)
Seed:20.00%(100.00m)
Treasury:20.00%(100.00m)
Team:16.00%(80.00m)
Retroactive Rewards:6.00%(30.00m)
Public Sale:5.00%(25.00m)
XPRT Stakers:3.00%(15.00m)
Alpha Launchpad:2.00%(10.00m)
Protocol Bootstrapping:2.00%(10.00m)
Scan QR Code to Explore more key information

pSTAKE Finance Basic
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pSTAKE Finance Info

White paper
Website
pstake.finance
Contracts
Explorers
etherscan.io
arkhamintelligence.com
ethplorer.io
bscscan.com
binplorer.com
basescan.org
blastscan.io
blastplorer.info
etherscan.io
mintscan.io
Community
Source code
Sector
DeFi
Watermark

pSTAKE Finance Team

Tushar Aggarwal
Founder
Mikhil Pandey
Co-Founder
Jeroen Develter
COO
Watermark

pSTAKE Finance Intro

"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."

pSTAKE Finance Unlock & Allocation
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pSTAKE Finance Timeline

Incentivisation & Community Development 130M
Seed 100M
Treasury 100M
Team 80M
Retroactive Rewards 29.98M
Public Sale 24.98M
XPRT Stakers 15M
Alpha Launchpad 10M
Protocol Bootstrapping 10M

pSTAKE Finance Token unlock

Unlocked: 100.00%(50.00b)
Total Locked: 0.00%(0.0)
Untracked: 0.00%(0.0)

pSTAKE Finance Token allocation

Incentivisation & Community Development:26.00%(130.00m)
Seed:20.00%(100.00m)
Treasury:20.00%(100.00m)
Team:16.00%(80.00m)
Retroactive Rewards:6.00%(30.00m)
Public Sale:5.00%(25.00m)
XPRT Stakers:3.00%(15.00m)
Alpha Launchpad:2.00%(10.00m)
Protocol Bootstrapping:2.00%(10.00m)

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pSTAKE Finance Price Live Data
Report a Data Error

The live pSTAKE Finance price today is $0.05927 USD with a 24-hour trading volume of 8,284,960 USD. We update our pSTAKE Finance to USD price in real-time. pSTAKE Finance is -1.30% in the last 24 hours. The current SoSoValue marketcap ranking is # 572, with a live market cap of $ 29,635,000 USD. It has a circulating supply of 500,000,000 PSTAKE coins and a max supply of ∞ PSTAKE coins.
pSTAKE Finance
PSTAKE
#572
$0.05927
-1.3%
Total dollar volume24H
$8,284,960
High24H
0.06385 USDT
Low24H
0.0552 USDT
Market Cap
#572$29,635,000
FDV
$29,635,000
Market Cap / FDV Ratio
1.00
Turnover rate
27.96%
Circulating supply
500,000,000
Total supply
500,000,000
Max supply
∞
All time high
1.45 USDT
All time high date
Feb 24, 2022
Down from All time high
-95.91%
Cycle low
0.00859 USDT
Cycle low date
Apr 07, 2025
Up from cycle low
589.99%
Official links
Website
White paper
0
Introduction

"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."

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