Forta Network to Provide stkBNB On-Chain Tracking & Monitoring

We’re pleased to announce that pSTAKE has integrated with Forta Network, a decentralized monitoring network, to enable on-chain tracking of all movements related to our stkBNB product.

Forta Network provides real-time security and operational monitoring to help detect critical threats and bugs with blockchain and Web3 protocols. At the time of writing, $36B+ in TVL (Total Value Locked) is overseen and monitored by their platform.

The team at Forta Network has built and deployed alert bots that will continuously run and monitor the stkBNB product to flag abnormal transactions and immediately report them to our team.

Three Forta detection bots are now monitoring pStake’s deposits, withdrawals, mints, burns, and more to protect the protocol’s users.

All reported threats and bugs will be visible to everyone via Forta’s dedicated pSTAKE dashboard.

Security remains of the utmost importance to the pSTAKE team. This integration with Forta Network will dramatically improve our ability to not only detect malicious threats to our protocol but will also enable quicker response times to solve any potential issues.

Read the full article on our official blog here: https://bit.ly/3CaE7Yj

About pSTAKE

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).