pSTAKE is a liquid staking protocol for Proof-of-Stake (PoS) assets. It lets users earn rewards from their staked holdings while keeping their assets liquid. For every asset staked through pSTAKE, staking tokens are issued using a custom bridge that connects to the Cosmos ecosystem’s growth, while still providing the liquidity and composability commonly associated with Ethereum.

pSTAKE key features:

An inter-blockchain bridge called ‘pBridge’ - pSTAKE relies on an inter-blockchain bridge named ‘pBridge’ to move value across multiple blockchains, including Ethereum, Cosmos, and Persistence. Unlike typical bridges that only create pegged tokens, pBridge supports staking and unstaking directly at the protocol level on each respective native chain.A dual token setup - pSTAKE’s dual token model streamlines how staking and rewards work and reflects the behavior of the PoS networks it supports. pTokens are 1:1 pegged ERC-20 tokens for unstaked positions, mirroring the features of the underlying PoS network and representing only unstaked tokens there. Holders can stake those pTokens with pSTAKE to mint stkTokens, which are 1:1 pegged tokens representing staked positions. stkTokens earn staking rewards that accrue in pTokens, which can also be used across Ethereum DeFi.Issued stkTokens are fungible - This fungibility comes from distributing the staked assets across a group of validators involved in the pSTAKE protocol on each relevant PoS network. After the pSTAKE token launch, the way stake is allocated will be controlled by pSTAKE token holders.