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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Bitcoinsama on February 03, 2022, 07:36:38 PM



Title: Liquid Staking Protocols and Collateral Assets
Post by: Bitcoinsama on February 03, 2022, 07:36:38 PM
Staking deals with using your tokens in the consensus of a PoS chain, but the downside is that they are locked up for a given amount of time. In that time you run the risk of largely volatile price fluctuations. Now one project that’s peaked my interests is pStake (https://pstake.finance/) and its liquid staking protocol. On top of that I found that some of its investors which include Coinbase Ventures, Kraken Ventures, and Galaxy Capital are clear signals in its long term strategic thinking and market relevance.

Using their protocol, you’ll be able to stake your tokens without being trapped by locked liquidity. Essentially, users will be given synthetic tokens that represent their staked tokens, which unlocks their ability to not only earn interest but also act as a means for collateralized loans. Unlike other projects where you only gain network staking rewards, pStake will help you unlock additional incentives to more fully participate in Defi.

If you’re interested in learning more feel free to explore this article (https://medium.com/pstakefinance/introducing-pstake-unlocking-liquidity-of-staked-assets-c704738ab37f).



Title: Re: Liquid Staking Protocols and Collateral Assets
Post by: jossiel on February 03, 2022, 09:17:07 PM
but the downside is that they are locked up for a given amount of time.
This is the main concern if you're going to stake into platforms that do really require locking in periods for that assets.

But, it's no longer a problem for some wallets which are allowing everyone to stake at any time they want and they're also allowing to withdraw anytime as they wish.

The flexibility is what's winning the people.