PSTAKE Finance Airdrop Review: Liquid Staking Is The New Staking

About PSTAKE Finance Airdrop

PSTAKE Finance Airdrop is a liquid staking solution that unlocks the potential of staked PoS assets (e.g. ATOM). PoS token holders can deposit their tokens on the pSTAKE application to mint 1:1 pegged ERC-20 wrapped unstaked tokens, which are represented as pTOKENs (e.g. pATOM) that can then be transferred to other wallets or smart contracts on the Ethereum network to generate additional yield.

pSTAKE is airdropping “PSTAKE” the governance and fee-sharing token of the pSTAKE protocol to various ecosystem users. A snapshot of ATOM and XPRT stakers was taken on September 2nd, 2021 at 12:00 HRS UTC, a snapshot of early pSTAKE users such as stkATOM users were taken on September 2nd, 2021 at 12PM UTC and stkXPRT users were taken on October 31st, 2021 at 12PM UTC and for OSMO stakers it was taken on February 2nd, 2022 at 12PM UTC. A total of 6% of the total PSTAKE genesis supply will be distributed to eligible users.

Step-by-Step Guide:

1. Visit the PSTAKE Finance Airdrop airdrop claim page.
2. Submit your ETH or Cosmos wallet address.
3. If you’re eligible, then create a Persistence address. You can see this video for more info.
4. The snapshot of ATOM and XPRT stakers was taken on September 2nd, 2021 at 12:00 HRS UTC, a snapshot of early pSTAKE users such as stkATOM users were taken on September 2nd, 2021 at 12PM UTC and stkXPRT users were taken on October 31st, 2021 at 12PM UTC and for OSMO stakers it was taken on February 2nd, 2022 at 12PM UTC.
5. Now submit your address by signing a TX using Keplr/MetaMask.
6. Eligible users are:
   • Early pSTAKE users with at least 10 stkATOM at the time of the snapshot.
   • ATOM holders and PSTAKE Finance Airdrop with at least 100 ATOM in their wallets at the time of the snapshot.
   • XPRT holders and stakers with at least 100 XPRT in their wallets at the time of the snapshot.
   • OSMO stakers with at least 750 OSMO in their wallets at the time of the snapshot. The OOSMO
   • Curve Finance, and Aave users.
   • Cosmos (ATOM) stakers who participated in their Cosmos StakeDrop campaign.
7. The airdrop tokens are vested over 6 months and released monthly, with the first distribution taking place on February 24th, 2022.
8. All airdrop tokens will be distributed directly on the Persistence Core-1 chain. Eligible airdrop recipients will need to create and submit a Persistence wallet address (except for StakeDrop participants and XPRT stakers).

Liquid Staking Is The New Staking

PSTAKE Finance Airdrop Building an economy around Liquid Proof-of-Stake assets Persistence is a Tendermint/Cosmos-based Layer-1 network powering an ecosystem of DeFi products aimed at making liquid staked assets the default assets of the the PoS economy.

The Persistence Ecosystem

Join the growing number of users and builders of the Persistence ecosystem and help make Liquid staked assets the default assets of the PoS economy.

Liquid Staking

• Issue Liquid Staked (stkASSETs) on the Persistence Network via pSTAKE.
• All Cosmos/Tendermint-based (IBC enabled) assets could be liquid staked as stkASSETs issued on the Persistence Network

DeFi for Liquid Staking

• Explore DeFi opportunities for stkASSETs within the Persistence ecosystem
  • Borrowing/Lending
  • DEXes
• Have Interesting Ideas? Apply for a Grant

The Persistence Network

PSTAKE Finance Airdrop suite of applications built within the ecosystem is powered by a robust and scalable architecture of the Persistence network.

Technology

Persistence is an interoperable protocol that provides developers with the ability to build applications that are either sovereign, modular or built on top of Persistence’s CosmWasm layer.

Build App-chains within the Persistence Ecosystem that are interoperable with the Cosmos/IBC ecosystem and route IBC assets through Persistence Core-1 chain.

PSTAKE Finance Airdrop Build Modular Apps directly on top of the Core-1 chain, using components of the Persistence architecture as plug-and-play interfaces.

Build high-performance and easily upgradable Smart Contract Apps on Persistence chain with the integration of CosmWasm.

The Fuel for the Persistence Ecosystem

XPRT is the native token of the Persistence Network that sits at the absolute centre of the ecosystem deriving significant value as the ecosystem grows.