pSTAKE Finance Price
(PSTAKE)
USD($)
pSTAKE Finance (PSTAKE) Live Price Chart
Overview
About
Analysis
FAQ
pSTAKE Finance Live Price Data
The live price of pSTAKE Finance is $0.05097, with a total trading volume of $ 42,118 in the last 24 hours. The price of pSTAKE Finance changed by -14.12% in the past day, and its USD value has decreased by -7.17% over the last week. With a circulating supply of 439,651,042 PSTAKE, the market cap of pSTAKE Finance is currently 22.07M USD, marking a --% increase today. pSTAKE Finance currently ranks #-- in market cap.
How do you feel about pSTAKE Finance today?
Note: This data is for reference only.
pSTAKE Finance(PSTAKE) Profile
Rank--
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Website
Documentation
Explorer
Contract
- Ethereum 0xfB5c68...006
- BNB Smart Chain (BEP20) 0x4c882e...c0c
Audited By
- https://consensys.net/diligence/audits/2021/08/pstake-finance/
Code & Community
Investors
- Alameda Research
- Coinbase Ventures
- Binance Labs
- Spartan Group
- Sequoia Capital
- Three Arrows Capital
- Defiance Capital
- Sino Global Capital
- Galaxy Digital
$0.04907
$0.06746
- ATH
- $1.25
- Price Change (1h)
- +1.41%
- Price Change (24h)
- -14.12%
- Price Change (7d)
- -7.17%
- Market Cap
- $22.07M
- 24h Volume
- $42,118
- Circulating Supply
- 439,651,042
- Max Supply
- 500,000,000
About PSTAKE
How can I buy pSTAKE Finance (PSTAKE)?
Buying PSTAKE on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy pSTAKE Finance (PSTAKE) for more information. What Is pSTAKE Finance (PSTAKE) Crypto?
pSTAKE Finance (PSTAKE) is a multichain liquid staking protocol developed by Persistence, designed to unlock the liquidity of staked assets in Proof-of-Stake (PoS) networks. The platform allows users to stake their PoS tokens while maintaining the liquidity of those assets.
Stakers typically lock their tokens in PoS networks to support network security and earn staking rewards. However, this can limit their ability to access liquidity. pSTAKE Finance addresses this by enabling users to stake their tokens and simultaneously trade or utilize them for other purposes. The pSTAKE Finance protocol aims to enhance the efficiency and flexibility of staked assets within the crypto ecosystem.
Users who stake their assets on pSTAKE Finance receive staking tokens representing their staked holdings, known as stkTokens. These tokens can be traded or utilized within the DeFi ecosystem, allowing users to access liquidity without compromising their participation in staking networks.
As of November 2023, pSTAKE Finance supports staking assets across Cosmos, BNB Chain, and Ethereum ecosystems. PSTAKE is the native token of the pSTAKE Finance ecosystem and serves as the incentive and governance token of the platform.
How Does pSTAKE Finance Work?
The pSTAKE Finance platform is designed to address asset illiquidity arising from staking in Proof-of-Stake (PoS) networks. It allows participants, or stakers, to lock up PoS assets (e.g., ATOM, XPRT, etc.) on-chain in exchange for staking rewards. In doing so, it aims to provide robust security to decentralized networks while offering an economic incentive for participants to keep the networks secure. Here’s a brief overview of how pSTAKE Finance works:
Liquid Staking Protocol
pSTAKE serves as a liquid staking protocol, allowing users to stake their PoS tokens while retaining the flexibility to trade or utilize their assets.
Staking Mechanism
Users stake their PoS tokens on the pSTAKE platform, and in return, they receive staking tokens called stkTokens. These tokens represent the user's staked holdings and can be traded within the DeFi ecosystem.
Multi-chain Support
pSTAKE Finance is a multi-chain protocol supporting various PoS networks such as Ethereum, Cosmos, and BNB Chain. This multi-chain approach enables users to participate in staking across different blockchain ecosystems.
Unlocking Liquidity
The primary goal of pSTAKE Finance is to unlock the liquidity of staked assets. By issuing stkTokens, users can access the benefits of staking while having liquid assets that can be traded or used in other decentralized applications (dApps).
Incentivizing Staking
pSTAKE employs incentivization mechanisms to encourage the sustainable growth of stkToken liquidity and utility within the DeFi space. These incentives contribute to the overall health and development of the pSTAKE ecosystem.
History of pSTAKE Finance and PSTAKE Coin
The pSTAKE Finance protocol was launched in September 2021. The platform successfully raised $10 million in a funding round on November 16, 2021, from notable cryptocurrency venture capital firms and angel investors
Tushar Aggarwal is the founder and CEO of Persistence, the firm behind the development of pSTAKE Finance. The $PSTAKE token was launched in early 2022.
There have been key developments in the stkATOM product. Users can expect improvements and features that enhance the staking experience for ATOM tokens, contributing to the overall growth of the pSTAKE ecosystem.
The platform introduced updates to the PSTAKE Incentive Program in November 2023, offering incentives to users. This is a part of their ongoing efforts to enhance user participation and engagement.
What Is PSTAKE Token Used for?
The PSTAKE token serves multiple purposes within the pSTAKE Finance ecosystem:
Governance Token of pSTAKE Finance
PSTAKE token holders can participate in governance activities. This includes voting on proposals and decisions that impact the development and direction of the pSTAKE Finance protocol.
Issue Staking Rewards
Holders of stkTOKENs, which are derived from staked assets, earn staking rewards in the form of pTOKENs. The reward rate is dynamic and based on various factors, providing an additional incentive for users to stake their assets using the pSTAKE protocol.
Trade or HODL PSTAKE on KuCoin
Trade pStake Finance crypto on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell PSTAKE or HODL if you believe in the future potential of the pSTAKE Finance project. Ensure you undertake any new investment decision in the crypto market only after doing your own research (DYOR).
pSTAKE Finance (PSTAKE) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.01009 | -16.51% |
| 7 Days | $-0.00394 | -7.17% |
| 30 Days | $0.00125 | 2.53% |
| 3 Months | $0.0013 | 2.64% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
pSTAKE Finance Conversion Rate
FAQ
How much is 1 pSTAKE Finance (PSTAKE) worth?
KuCoin provides real-time USD price updates for pSTAKE Finance (PSTAKE). pSTAKE Finance price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time PSTAKE to USD exchange rates. Is pSTAKE Finance (PSTAKE) a Good Investment?
Here are some reasons why you could consider investing in $PSTAKE crypto:
Liquid Staking
pSTAKE Finance provides a liquid staking solution, allowing investors to benefit from staking rewards without sacrificing the liquidity of their assets. This flexibility allows investors to earn staking rewards while still being able to trade their staked assets.
stkASSET Launches
pSTAKE Finance has facilitated the launch of multiple stkASSETS on different blockchains, enabling users to earn on-chain staking rewards and participate in decentralized finance (DeFi) with popular crypto assets. This widens the range of staking opportunities and enhances the utility of staked assets.
PSTAKE Token Utility
As an investor, the PSTAKE token may grant access to platform-specific services, governance functions, or potential incentives within the pSTAKE Finance ecosystem. Understanding the utility of the PSTAKE token can provide insight into the potential benefits of investing in the project.
Dynamic Staking Rewards via pTOKENs
Stakers of PoS tokens receive rewards in the form of pTOKENs based on a dynamic reward rate. This reward rate is influenced by various factors, creating an adaptive system that adjusts to market conditions and protocol dynamics.
What Is pSTAKE Finance Price Prediction?
While the volatile nature of the crypto market makes it challenging to provide a reliable PSTAKE price prediction over any timeframe, you could monitor the following factors to better understand the price changes in the pSTAKE Finance crypto:
Level of Adoption of pSTAKE Finance Protocol
The rate at which users and investors adopt the pSTAKE Finance protocol can influence demand for the PSTAKE token. Higher adoption often correlates with increased token demand and potential increase in the pSTAKE Finance price.
Staking Rewards’ Considerations
The attractiveness of the staking rewards offered by pSTAKE Finance can influence the demand for PSTAKE tokens. Investors may seek to acquire and hold PSTAKE tokens to participate in staking and earn rewards, thereby affecting the $PSTAKE price.
Future Developments in pSTAKE Finance Roadmap
Progress in the development of the pSTAKE Finance platform, the introduction of new features, and the expansion of its user base can positively influence the perceived value of PSTAKE tokens, potentially leading to an increase in the PSTAKE price.
Crypto Market Conditions
The general market conditions and trends within the cryptocurrency space can impact the price of PSTAKE tokens. Factors such as Bitcoin's performance, regulatory developments, and broader market sentiment often have ripple effects across the entire cryptocurrency market, including individual tokens like PSTAKE.
How to Earn on pSTAKE Finance
Here’s how you can earn on pSTAKE Finance:
1. Stake PoS Assets
Securely stake your PoS assets on the pSTAKE Finance platform. This involves depositing your PoS tokens into the pSTAKE protocol to participate in the staking process.
2. Participate in Protocol Improvements
Engage in protocol improvements and security measures to contribute to the overall enhancement of the pSTAKE Finance ecosystem. This active participation can earn you staking rewards.
3. Generate Yield with Staking Rewards
Earn staking rewards by participating in the staking of PoS assets. The platform maximizes capital efficiency, allowing users to generate the highest yields through staking rewards.
4. Explore stkASSET DeFi Opportunities
Explore various stkASSET DeFi opportunities on the platform. This may involve utilizing stkTokens for yield farming in different pools, unlocking additional earning potential.
5. Utilize Yield Farming Opportunities
Leverage yield farming opportunities offered by pSTAKE Finance. Users can farm stkTokens by staking into various pools, earning passive income on their staked tokens.
6. Integrate with Partner Platforms
pSTAKE Finance often integrates with other DeFi platforms, such as Alpaca Finance. Keep an eye on such integrations, as they may bring additional leveraged yield farming opportunities for stkBNB and PSTAKE token holders.
Who Are pSTAKE Finance’s Partners and Validators?
Security partners of pSTAKE Finance include Halborn, Consensys, Trail of Bits, Solidified, PeckShield, and ImmuneFi. Some of pSTAKE Finance’s validators include Figment, everstake, Chorus, Cosmostation, Math Wallet, and Coinbase Cloud.
What is the all-time high price of pSTAKE Finance (PSTAKE)?
The all-time high price of pSTAKE Finance (PSTAKE) is $1.24000. The current price of PSTAKE is down 95.91% from its all-time high.
What is the all-time low price of pSTAKE Finance (PSTAKE)?
The all-time low price of pSTAKE Finance (PSTAKE) is $0.01925. The current price of PSTAKE is up 164.93% from its all-time low.
How much pSTAKE Finance (PSTAKE) is there in circulation?
As of 12 22, 2024, there is currently 439,651,042 PSTAKE in circulation. PSTAKE has a maximum supply of 500,000,000.
What is the market cap of pSTAKE Finance (PSTAKE)?
The current market cap of PSTAKE is $22.07M. It is calculated by multiplying the current supply of PSTAKE by its real-time market price of $22.07M.
How do I store pSTAKE Finance (PSTAKE)?
You can securely store your pSTAKE Finance in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your PSTAKE include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Pepe 2.0 (PEPE2) to cash?
You can instantly exchange your Pepe 2.0 (PEPE2) for cash using KuCoin's Fast Trade feature. This feature enables you to convert PEPE2 to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.