<aside> ❓ stkATOM is the liquid staked representative of ATOM issued by pSTAKE on the Persistence Core-1 chain

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⏮️ Background

pSTAKE was early to liquid staking in Cosmos, with stkATOM(ERC-20) being the first implementation of a liquid-staked representative of ATOM. Back in 2021, pSTAKE decided to issue these tokens on the Ethereum chain due to:

1. The absence of IBC
2. No DEXs like Osmosis or Dexter to bootstrap liquidity for staked ATOM
3. The lack of overall DeFi in the Cosmos Ecosystem

<aside> 📌 stkATOM(ERC-20) achieved $39M+ in TVU (Total Value Unlocked) with 6,406 ATOM stakers & $33M liquidity on the SushiSwap pool

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pSTAKE will aim to surpass these numbers in Cosmos with deep stkATOM liquidity & utility in the Interchain.

⚛️ Entering the Cosmos

<aside> 🚀 stkATOM launched on 12 January 2023 on the Persistence Mainnet & is on a mission to unlock liquidity & empower DeFi for staked $ATOM in the Interchain

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🌐 pSTAKE ATOM Liquid Staking dApp

https://cosmos.pstake.finance/

🏆 Current APY (after fees): 24.24%

🔓 TVU (Total Value Unlocked): 262,889.93 ATOM

ℹ️ About $stkATOM

🫂 Built by Cosmonauts, for Cosmonauts

Innovating UX for the Interchain

• A stkATOM DeFi section is built right into the pSTAKE dApp. stkATOM holders will be able to navigate to all our Integrations right from one place

In the future, we will explore how we can further improve UX for this. Imagine adding liquidity to the stkATOM/ATOM pool on Osmosis right from the pSTAKE app by leveraging ICA & ICQ

• When you unstake stkATOM, the underlying ATOM (after unbonding) is sent directly to your Cosmos address instead of you Persistence one. This reduces the number of transactions our users have to perform
• Redeem Instantly is a feature unique to stkATOM. Given sufficient protocol liquidity, users can skip the 21-25 day unbonding period. Instead, they can instantly redeem ATOM on the pSTAKE UI. In the future, pSTAKE will explore how to integrate this feature with a DEX like Dexter or Osmosis that has deep liquidity.

Dive deeper

• ATOM Liquid Staking UX

  

• stkATOM Unstaking UX

  

• stkATOM DeFi Section

  

🛠️ Interchain Liquid Staking for ATOM