stkETH User Guide (ETH Liquid Staking Tutorial)
Originally published June 8, 2022.
In late May, we officially launched our ETH liquid staking implementation on the Ethereum mainnet. This event marked a major progression point for pSTAKE, now allowing users to liquid stake ETH via the pSTAKE app and receive stkETH in return.
stkETH can be utilized by holders across different DeFi (Decentralised Finance) protocols, enabling them to earn additional yield on top of their staking rewards. As a direct effect, users are incentivized to further engage in other activities across the Ethereum network.
To help guide users on how to get started with minting, swapping, and supplying liquidity with stkETH, we’ve created a comprehensive step-by-step tutorial with everything you need to know.
Read the full guide on our official blog here: https://bit.ly/3zuZylb
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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