pSTAKE: A Liquid Staking Protocol That Unlocks The True Potential Of Staked Pos Assets

pStake 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
pSTAKE allows its users to utilize stkTOKENs in various DeFi protocols to earn additional yield on top of their staking rewards.