How Pstake’s Partnership with Cosmostation will Revolutionize Liquid Staking
If you think Cosmostation is amazing, then you are going to be more amazed to learn of the tremendous benefit that they now provide to locked-up staked assets as a result of their strategic partnership with Persistence’s pSTAKE.
Do you think you still have to wait for the lock-up time to be over before acquiring your staked tokens?
Well, thanks to pSTAKE, those days are over. pSTAKE, which launched about two months ago, has created some possibilities for a better Cosmos ecosystem which other PoS might not have.
As a blockchain user, you don’t want to miss out on this liquid staking solution from the team of Persistence. pSTAKE gives you the laudable access to use the potential staked assets to your advantage on the Cosmos ecosystem.
You need to know that Liquid Staking, unlike normal staking, helps you to get liquid, active, DeFi-able ERC-20 tokens on Ethereum mainnet. Amazing right?
It’s as simple as taking your $ATOM and staking it on pSTAKE to receive 1:1 pegged ERC-20 compatible tokens ($stkTOKEN). That is huge and exciting if you ask me. Imagine being able to go on Ethereum mainnet anytime with complete access to your wallet filled with ERC-20 tokens.
It is a good one as there are delays and you make your decisions anytime you choose to.
Cosmostation (its team) must be thinking into the future to set in motion a strong partnership with Persistence. They are thrilled to be the validator for pSTAKE, thereby giving them a connection between cosmos and Ethereum.
The benefits of using pStake could hit the highest top in the blockchain ecosystem when it shows consistency at this current frequency. This great pair is prepared to revolutionize how liquid staking is done. At least, for an enterprise-level validator node infrastructure & end-user application provider, we won’t expect lesser outcomes.
What you might have not heard about Cosmostation is how they have a strong focus on networks built with the Cosmos SDK and Tendermint engine (this is also a network built for interchain).
The pSTAKE will be more effective with user-friendly tools, a good UI/UX interface, a stable and secure validator for its operation in the ecosystem, fortunately, those are the things Cosmostation can offer in the industry.
You will definitely not have difficulties while staking tokens to participate in governance and you will also get rewarded with passive income and still secure the network at the same time.
Cosmostation is big, but they are about to get even bigger with pSTAKE’s unique liquid staking solution.
If in just two months, pSTAKE already acquired $4 million TVL stakes together, then consider Cosmostation’s huge network and their ability to build and maintain Mintscan Block Explorer and Cosmostation e- wallets — I think things are about to get interesting.