Introducing Retroactive Rewards for stkTOKEN Liquidity Providers
6M $PSTAKE tokens will be distributed to liquidity providers of stkATOM-ETH and stkXPRT-ETH pools on SushiSwap, who stake their LP tokens during the ongoing campaign period.
With liquid staking support for both Cosmos’ $ATOM and Persistence’s $XPRT tokens now live, we’re increasing our focus on enhancing liquidity and providing further utility for stkTOKENs. As part of this initiative, we’re excited to announce retroactive rewards for liquidity providers (LPs) of stkATOM-ETH and stkXPRT-ETH pools on SushiSwap.
Read the rest of this article on our website: https://blog.pstake.finance/2021/10/25/introducing-retroactive-rewards-for-stktoken-liquidity-providers/
About pSTAKE
pSTAKE is a liquid staking solution that unlocks the potential of staked PoS assets (e.g. ATOM). PoS token holders can deposit their tokens on the pSTAKE application to mint 1:1 pegged ERC-20 wrapped unstaked tokens, which are represented as pTOKENs (e.g. pATOM) that can then be transferred to other wallets or smart contracts on the Ethereum network to generate additional yield.
Currently, pSTAKE issues 1:1 pegged ERC-20 liquid staking representative tokens on the Ethereum network, with a long-term aim of building a multi-chain protocol issuing liquid staked representatives on multiple networks including the Persistence Core-1 chain.
We have a bag full of new features and an exciting roadmap for the coming months so follow pSTAKE on Twitter and hop onto our Discord channel to stay up-to-date with the latest developments.
Developed by Persistence
Persistence is enabling exposure to multiple asset classes such as Liquid Staking (pSTAKE), NFTs (Asset Mantle), and Synthetics (Comdex). Persistence ecosystem products are designed to stimulate global liquidity and enable seamless value exchange.
Persistence’s Core mainnet is a Proof-of-Stake chain powered by Tendermint BFT consensus engine. Persistence’s multi-chain tech stack (currently supporting Cosmos, Ethereum, and other Tendermint-based chains) abstracts away the complexities for developers and enables them to create DEXs, marketplaces, lending/borrowing platforms, etc.
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