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What is pSTAKE?

Participate in staking and obtain stkASSETs to maintain liquidity for assets that are usually locked away. Take advantage of the adaptability of these liquid stkASSETs to explore DeFi opportunities while simultaneously accumulating rewards from your staking efforts. Avoid the often tedious processes of unstaking and unbonding by directly exchanging stkASSETs for native assets. pSTAKE acts as a liquid staking platform, enhancing the liquidity of staked assets. Those who stake PoS tokens can now protect their investments while ensuring those assets remain liquid. By using pSTAKE for staking, participants not only earn staking rewards but also gain stkTOKENs that are pegged 1:1, which can be utilized in DeFi platforms for additional yields in addition to the primary staking rewards. This cutting-edge protocol uncovers the true potential of staked PoS assets, such as ATOM, allowing token holders engaged in PoS to easily deposit their tokens on the pSTAKE platform to mint 1:1 pegged ERC-20 wrapped unstaked tokens, referred to as pTOKENs, such as pATOM. This feature empowers users to optimize their earning capabilities while allowing for a more dynamic management of their assets. Overall, pSTAKE redefines the interaction between staking and liquidity, enabling a more versatile investment strategy.

What is Olympus DAO?

The rise in bond sales and liquidity provider fees bolsters treasury revenue, enhances liquidity, and effectively manages the supply of OHM. This surge in treasury funds not only improves the overall treasury balance but also supports the backing of existing OHM tokens while helping to stabilize the staking annual percentage yield (APY). Olympus is deliberately structured with an emphasis on ensuring the long-term success of the protocol. Each OHM created for staking incentives is backed by reserves from the treasury, which is essential for maintaining stability. As OHMs are minted and allocated for staking rewards, the dynamics of staking are affected; while an increase in staked OHMs may lead to a reduction in APY, it simultaneously boosts the OHM price, creating a protective balance for investors. Moreover, Olympus's ownership of nearly all its liquidity is vital for maintaining price stability and generating income for the treasury. The protocol's self-sufficient liquidity serves as a safeguard against unpredictable market fluctuations and negative conditions, capitalizing on the resilience and efficacy of its design. Ultimately, this thoughtful strategy cultivates a robust ecosystem that emphasizes both the security of investors and growth that can be sustained over time. In doing so, Olympus reinforces its commitment to fostering a collaborative environment that thrives on both innovation and stability.

Media

Media

Integrations Supported

Integrations Supported

DeepDAO
Exponential DeFi
MetaMask
WalletConnect

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub

Company Facts

Organization Name

pSTAKE Finance

Company Website

pstake.finance/

Company Facts

Organization Name

Olympus DAO

Date Founded

2020

Company Website

www.olympusdao.finance/

Categories and Features

Crypto Staking

Not specified

Categories and Features

Crypto Lending (DeFi)

Not specified

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