<aside> â stkATOM is the liquid staked representative of ATOM issued by pSTAKE on the Persistence Core-1 chain
</aside>
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:
<aside> đ stkATOM(ERC-20) achieved $39M+ in TVU (Total Value Unlocked) with 6,406 ATOM stakers & $33M liquidity on the SushiSwap pool
</aside>
pSTAKE will aim to surpass these numbers in Cosmos with deep stkATOM liquidity & utility in the Interchain.
<aside> đ 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
</aside>
https://cosmos.pstake.finance/
Innovating UX for the Interchain
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
Do more than just stake, liquid stake & DeFi
Integration | DeFi | TVL | APR |
---|---|---|---|
https://app.dexter.zone/pools/persistence1335rlmhujm0gj5e9gh7at9jpqvqckz0mpe4v284ar4lw5mlkryzszkpfrs | stkATOM/ATOM Metastable Pool | $1.4M+ | ~37% |
https://app.osmosis.zone/pool/886 | stkATOM/ATOM Stableswap Pool | $2.3M+ | ~26% |
https://app.crescent.network/farm?open_modal_pool_id=57 | stkATOM/ATOM Ranged Pool | $1.1M+ | ~4.8% |
https://app.umee.cc/#/markets | Borrow against stkATOM | ~$45K | - |
Dive deeper
ATOM Liquid Staking UX
stkATOM Unstaking UX
stkATOM DeFi Section