
pSTAKE Finance (PSTAKE)
Key data
updated $0pSTAKE Finance (PSTAKE) is the governance token of a liquid staking platform that lets users stake their crypto assets and receive liquid receipt tokens in return. Instead of locking up your coins and losing access to them, you get tradable tokens that keep earning staking rewards while you can still use them in DeFi. The project originally focused on staking Cosmos assets and later expanded to Bitcoin liquid staking.
Frequently asked questions
What is pSTAKE and how is it different from regular staking?
pSTAKE is a liquid staking protocol, so when you stake through it you receive liquid staked tokens representing your staked assets. Unlike traditional staking, where your coins are locked and inaccessible, these tokens stay liquid and can be traded or deployed in other DeFi protocols while rewards keep accruing.
How does pSTAKE work under the hood?
When you deposit an asset, the protocol stakes it with underlying validators and mints you a liquid staked token pegged to your deposit. PSTAKE itself is used for governance — token holders vote on protocol decisions, validator selection, and incentive parameters. The system relies on the security of the underlying networks it stakes with, plus its own governance layer.
What is the emission and supply structure of PSTAKE?
PSTAKE has a hard cap of 500,000,000 coins, meaning no more tokens can ever be minted beyond that limit. The supply is distributed across ecosystem incentives, the team, investors, and community programs with vesting schedules, so tokens are released gradually rather than all at once.
Where and how can you store and use PSTAKE?
PSTAKE is an ERC-20 token, so any Ethereum-compatible wallet like MetaMask or a hardware wallet works for storage. Beyond holding, you can use it for governance voting, stake it to earn rewards, or provide liquidity on decentralized exchanges where it's listed.