Subscribe to Our Newsletter
Saturday May 21, 2022
Bitcoin (BTC) $29,117.00   Ether (ETH) $1,948.76
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Token Offerings/Listings

Crypto staking protocol pSTAKE raises $10M in public token sale on CoinList

At present, pSTAKE supports Cosmos ($ATOM) and Persistence ($XPRT) networks’ native tokens with a view to support more chains and assets in the future...

Published by CryptoNinjas.net
01/20/2022
Crypto staking protocol pSTAKE raises $10M in public token sale on CoinList

pSTAKE, a protocol for unlocking liquidity for staked assets, has closed its public token sale hosted on CoinList, successfully raising $10 million. selling out a tranche of its native $PSTAKE token.

The sale started on December 16, and sold out in 45 minutes, with 5% of the total supply of PSTAKE tokens listed at a price of $0.40 and a total valuation of $200M. The registration count topped 949,000 registrations in total, the highest of any CoinList sale to date, with 20,000 new token holders added to the ecosystem following the sale. On or around January 25, 2022, 25% of the tokens sold will be unlocked, with a six-month linear vesting schedule to follow.

pSTAKE is one of the first liquid staking protocols for the Cosmos network. It previously raised a $10M strategic round, attracting some of the biggest names in venture capital, with Three Arrows Capital, Galaxy Digital, Sequoia Capital India, and DeFiance Capital co-leading the seed round.

Since its launch in September, the platform has reached over $40 million in total value locked (TVL) for Persistence ($XPRT) and Cosmos ($ATOM) staking deposits.

pSTAKE wraps your native tokens into 1:1 pegged ERC-20 pTOKENs

The protocol allows Proof-of-Stake (PoS)-based asset holders to earn rewards without losing the liquidity of their assets, unlocking the potential of PoS tokens. pSTAKE users can stake assets, participate in improvements to the protocol, and secure the network to earn staking rewards in the form of 1:1 pegged staked tokens (stkTokens) which can be used across the DeFi ecosystem.

pSTAKE’s vision is to build an end-to-end PoS asset management platform; the team strongly believes liquid staking is the most important primitive for the next phase of growth for DeFi. Over the last few months, the protocol has completed a security audit and expanded to support liquid staking for Persistence’s native $XPRT. In that time its active user base has grown to more than 5,500.

As part of its development plan, pSTAKE will continue to launch liquid staking support for more major PoS assets — from both within and outside the Cosmos ecosystem. This includes ETH, LUNA, SOL, and others.

57
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Source: pstake.finance

Related News

CoinList unveils the 7 crypto seed projects for Winter 2022 cohort

03/02/2022
CoinList

CoinList, a service platform for new crypto offerings, today unveiled its new batch of crypto projects for CoinList Seed, its platform for early-stage crypto entrepreneurs to connect with the CoinList community. More than 1,000...

Read more

Blockchain derivatives trading protocol Vega closes $43M token sale on CoinList

07/20/2021
Blockchain derivatives trading protocol Vega closes $43M token sale on CoinList

Vega, an open protocol for creating derivatives allowing any blockchain to leverage its high throughput, has announced the closure of its $43M token sale on CoinList with over 21,000 unique participants. With Vega, market...

Read more

New Spring 2021 cohort of 12 crypto projects announced for CoinList Seed

05/27/2021
New Spring 2021 cohort of 12 crypto projects announced for CoinList Seed

CoinList, a full-stack solution and service platform for crypto-assets, today introduced the Spring 2021 batch of CoinList Seed projects. Accordingly, If you are a team or developer working on a distributed web project, you...

Read more

Blockchain data provider Covalent (CQT) sells $10M worth of its native token in CoinList public sale

05/11/2021
Blockchain data provider Covalent (CQT) sells $10M worth of its native token in CoinList public sale

Covalent, a blockchain data provider yesterday announced it sold $10 million worth of its native token, CQT, in a CoinList token sale. The token will be used as the platform currency that powers interactions...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Oracle network for Algorand blockchain Algoracle closed $1․5M seed round

Decentralized oracle network for Algorand blockchain Algoracle closes $1․5M seed round

05/18/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Oracle network for Algorand blockchain Algoracle closed $1․5M seed round

Decentralized oracle network for Algorand blockchain Algoracle closes $1․5M seed round

05/18/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version