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 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.
