pSTAKE x OpenLeverage Introduce stkBNB Margin Trading & Leveraged Staking
pSTAKE is thrilled to announce our latest collaboration with OpenLeverage, as we’ve integrated with their protocol to bring margin trading and leveraged staking for stkBNB holders, in addition to lending opportunities for BNB holders.
OpenLeverage is a fully permissionless and multi-chain decentralized lending and margin trading protocol, allowing users to enter into long or short positions on thousands of different token pairs across DEXs (decentralized exchanges) built on BNB Chain, Ethereum, and Kucoin Community Chain.
Through their margin trading market that integrates with PancakeSwap’s stkBNB/BNB pool, traders can use their stkBNB as collateral to borrow BNB, which can then be used to open leveraged staking positions.
Learn more about this partnership and what else we have in store for the future.
Read the full article on our official blog here: https://bit.ly/3C9SfB2
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).