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pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem

Published 02/21/2022, 03:45 PM
Updated 02/22/2022, 05:20 PM

One of the most significant transitions to occur for the cryptocurrency ecosystem since the launch of Bitcoin (BTC) has been the increasing dominance of proof-of-stake (PoS) protocols over the proof-of-work (PoW) model, primarily due to energy requirements of the PoW model and growing concern over its environmental impact.

As more projects launch or transition to the PoS model, a new class of protocols have emerged that are focused on offering liquid staking options that allow token holders to tap into the value held in their staked tokens while still earning a yield for locking their assets on the network.

Total value locked on pStake. Source: Defi Llama.

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