pSTAKE Finance (PSTAKE)What's pSTAKE Finance price? How much potential does it have? How to buy pSTAKE Finance? And where can you buy it? Find answers to all of those as well as to many others questions related to it and discover cryptos in the same category. And see how PSTAKE compares to Bitcoin based on its performance!
(Price data last updated about 9 hours ago)
Data last updated about 9 hours agoPSTAKE All Time Low/High: €0.051852 (+44%) / €1.12 (-93%)
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Compare PSTAKE and BTC performance
How popular is pSTAKE Finance cryptocurrency?pSTAKE Finance ranks 727th among all cryptocurrencies. It has a market cap of €20565517. The total trading volume within the last 24 hours was €206804.
How much potential does it have?How much can pSTAKE Finance grow? It's hard to say how much potential this cryptocurrency has exactly, but based on its circulating supply (276,111,115), it can theoretically grow at least 23938x before it would become more popular than Bitcoin. This means that based on PSTAKE maximum potential it could reach €1786.05 before it would have to overtake Bitcoin.
How to buy pSTAKE Finance?The easiest way to buy PSTAKE is to use a cryptocurrency exchange. There are a lot of exchanges out there these days - both centralized and decentralized. And you can find this cryptocurrency in a number of exchanges these days. Currently there should be the very minimum of 16 pSTAKE Finance exchanges available.
Where can you buy it?PSTAKE should be listed in these exchanges:
Where can I find more information about pSTAKE Finance?You can find more information about it through the crypto homepage and social media pages brought out on top of this page. And we always recommend you to do further research about the crypto yourself as well.
What is pSTAKE Finance?"pSTAKE is a liquid staking protocol that unlocks the true potential of staked PoS assets (e.g., ATOM). PoS token holders can deposit their tokens onto the pSTAKE platform to mint 1:1 pegged ERC-20 wrapped unstaked tokens represented as pTOKENs (e.g., pATOM). Users can convert pTOKENs into 1:1 wrapped ERC-20 staked representatives called stkTOKENs by staking the underlying deposited PoS tokens. stkTOKENs, representing staked tokens, accrue staking rewards in the form of pTOKENs (This mirrors the workings of most PoS chains where staking rewards aren't automatically compounded but earned in the form of liquid tokens which can be claimed by a user at any point in time).
pSTAKE allows its users to utilize stkTOKENs in various DeFi protocols to earn additional yield on top of their staking rewards.
Example: Alice wraps (deposits) 100 ATOM on pSTAKE. She receives 100 pATOM representing 100 ATOM deposited onto the pSTAKE platform. As long Alice has 100 pATOM, she can redeem 100 ATOM (1:1) from the platform back into her Cosmos wallet by burning off her pATOM balance (This is the unwrapping process).
After receiving 100 pATOM, she decides to stake the underlying deposit of 100 ATOM on the Cosmos Hub to earn staking rewards (assume ~7% Annually). On staking, Alice receives 100 stkATOM, and her pATOM balance is now changed to 0 (pATOM burned, stkATOM minted). Let's assume there's an already existing stkATOM-ETH liquidity pool on SushiSwap. Alice supplies all her stkATOM and an equivalent amount of ETH into the Sushi pool to become a liquidity provider (LP). A portion of the trading fees generated on SushiSwap is distributed to all the LPs (Assume that this results in 9% yields annually). Thus, if Alice doesn't face any Impermanent loss at the end of the year, she would earn (7+9)% yield on her 100 ATOM holdings instead of the usual 7% she would have received by simply staking (and not liquid staking). Alice, being a PoS coin staker, leverages pSTAKE's technology to generate additional yield."
|Market Cap: €20565517||Rank: #727||Volume: €206804|
pSTAKE Finance (PSTAKE) live price chart
How big was pSTAKE Finance coin volume within the last 24h?
pSTAKE Finance (PSTAKE) last recorded volume was € 206804.
How much has pSTAKE Finance price changed during one year?
PSTAKE price has changed during the last year -88.26 %.
Is PSTAKE coin close to its All Time High price?
PSTAKE all time high price (ath) is €1.12. Its current price is €0.074612. This means that the difference between pSTAKE Finance (PSTAKE) All Time High price and PSTAKE current price is -93%.
What is the maximum price pSTAKE Finance (PSTAKE) could VERY theoretically reach?
PSTAKE has a current circulating supply of 276,111,115. Based on our calculation PSTAKE could reach up to €1786.05 before it would have to overtake Bitcoin. So in theory the potential for growth is 23938x its current value (€0.074612). However, keep in mind that the coin's actual potential is based on the value it provides to the user. So this is just a logical maximum potential price calculation for pSTAKE Finance and in no way is it a prediction of any kind, far from it.
Where can you buy pSTAKE Finance?
pSTAKE Finance is currently listed on at least these crypto exchanges: Osmosis, Gate.io, Bitget, KuCoin, OKX, PancakeSwap (v2), Huobi, MEXC Global, BitMart, CoinEx, Hotbit, Bybit, Uniswap (v3), Kraken and possibly some others.