A Letter to the Cosmos Community: From pSTAKE
We’re thrilled to announce that stkATOM is only a few weeks away from launching on the Persistence Core-1 chain, bringing our new and improved ATOM liquid staking solution to the Cosmos community.
The new implementation of stkATOM will offer several major advantages over the current implementation including low transaction fees, bolstered security, and IBC (Inter-Blockchain Communication Protocol) interoperability — opening the floodgates to the use cases for stkATOM within the Cosmos ecosystem and enhancing the user experience throughout.
As stkATOM prepares to enter into the Cosmos ecosystem, we want to shed some light on the product development and our thought process.
Read the full article on our official blog here: https://bit.ly/3LFJPEx
pSTAKE is a liquid staking protocol that unlocks liquidity for your staked assets. With pSTAKE, you can securely stake your Proof-of-Stake (PoS) assets, participate in protocol improvements and security to earn staking rewards, and receive staked underlying representative tokens (stkASSETs) which can be used to explore additional yield opportunities across DeFi.
At present, pSTAKE supports Binance Chain (BNB), Cosmos (ATOM), Persistence (XPRT), and Ethereum (ETH) networks’ native tokens, with a view to support more chains and assets in the future (SOL, and AVAX).