pSTAKE has integrated with Beefy Finance to enable compound interest strategies for stkBNB holders, allowing Beefy Finance users to access new DeFi strategies and maximise their liquid-staked holdings.
Beefy Finance is a decentralized, multi-chain yield optimizer built on BNB Chain that allows users to earn compound interest on their digital assets through various investment strategies and features. At the time of writing, the platform supports 16 blockchains and has $321M+ in TVL (Total Value Locked).
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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).