pSTAKE’s Ethereum 2.0 Liquid Staking Implementation
Originally published April 19, 2022.
With the upcoming Ethereum 2.0 upgrade on the way, the network will transition from a PoW (Proof of Work) to PoS (Proof of Stake) based blockchain. Given this major event set to occur by Q3 2022, a plethora of new users is poised to pour into the liquid staking space.
As this continues to develop, pSTAKE is moving towards launching stkETH to enhance offerings within our liquid staking ecosystem.
To better understand what this means for pSTAKE and how users can participate, we’ve prepared a comprehensive outline and overview of our Ethereum 2.0 liquid staking implementation.
Read the rest of this article on our official blog here: https://bit.ly/pSTAKE-Ethereum2
About pSTAKE
pSTAKE is a liquid staking solution that unlocks the potential of staked PoS assets (e.g. ATOM). PoS token holders can stake their tokens via the pSTAKE application to receive stkASSETs (ERC-20 representative assets of the respective underlying tokens) that can then be transferred to other wallets or smart contracts on the Ethereum network to generate additional yield.
Currently, pSTAKE issues 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 our socials below to stay up-to-date with the latest developments.
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Developed by Persistence
Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.
Persistence facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.
Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.
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