The crypto sphere is filled with a ton of shitcoins that are basically pump and dump tokens with no real use case or long term value. It’s hard to believe that Defi itself is still in its infancy and has a lot of untapped potential. The
pStake project represents a crypto project with some actual use-cases behind it.
pStake’s issued tokens represented as the tokens of pToken and stkToken respectively can be used within the Ethereum Defi ecosystem. The use of these pStake assets can be grouped into the areas of lending and Dexes. Using a lending-borrowing protocol, the stkTokens can be used as collateral as leverage while dealing with PoS assets and typical staking rewards. For decentralized exchanges, pStake can issue governance tokens that can serve as liquidity for potential whitelisted token pairs.
Another interesting feature I’ve seen is the use of vaults to help bolster your yields from stkTokens, but that is still under development by the team. When that does go live I’ll be sure to speak on it.
