The Evolution of Proof-of-Stake Part 2: A Monumental Shift

Our previous article of this series discussed the rise of Proof-of-Stake (PoS) networks like Cosmos and Persistence. We briefly touched on Ethereum’s intent to transition fully to PoS instead of the PoW consensus mechanism DeFi’s dominant chain now relies upon and how that monumental shift has accelerated interest in PoS networks.

Ethereum’s Merge will affect not only Ethereum, but the entire cryptocurrency market along with it. So why is that?

Read the rest of this article on our official blog here: https://bit.ly/3osHzGQ

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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