pSTAKE Announcements
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$pStake

Website: https://pstake.finance
X: https://x.com/pStakeFinance
Blog: https://blog.pstake.finance
TG Chat: @pstakefinancechat
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$PSTAKE has officially entered the Cosmos ecosystem via IBC βš›οΈ

The Persistence bridge to transfer ERC-20 $PSTAKE from Ethereum to the Persistence Core-1 chain is now live.

ERC-20 $PSTAKE holders can now bridge to the Cosmos ecosystem via Persistence to provide liquidity on Osmosis.

🌐 Read more: https://twitter.com/pStakeFinance/status/1501105888429748232

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External Incentives for the PSTAKE/OSMO Pool (#648) on Osmosis are Now Live!

Provide liquidity and bond your LP tokens for 14 days to receive $PSTAKE LP rewards.

Total Rewards Pool: 100,000 $PSTAKE

🌐 Provide liquidity here: https://app.osmosis.zone/pool/648

πŸ—£ Spread the word: https://twitter.com/pStakeFinance/status/1501211117124784132

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#statistics

pSTAKE weekly update. πŸ“Š

Key highlights:

♦️ pSTAKE's combined TVL is at $63.5M.
♦️ stkTOKEN SushiSwap liquidity is at $19M.
️♦️ stkATOM-ETH pool liquidity increased by 8.1% over 14 days.
️♦️ stkATOM issuance has increased by 109% over 4 months, with stkXPRT issuance up by 575% in 4 months.

🌐 Read more: https://twitter.com/pstakefinance/status/1501958587228196865

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$PSTAKE / $OSMO liquidity providers are currently receiving ~ 289% APR on @osmosiszone.

🌐Provide liquidity: http://app.osmosis.zone/pool/648

Total Rewards Pool: 100,000 $PSTAKE

Spread the word: https://twitter.com/pStakeFinance/status/1501963081232314368


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Bringing Liquid Staking to the Forefront: Setting the Next Chapter in Stone

We’re continuing to push forward based on our targets and goals, advancing closer toward realising our ultimate vision of becoming the liquid staking hub of the PoS industry.

Every development and integration milestone brings us closer to making liquid staking the default staking mechanism of the PoS economy. The Persistence ecosystem is strongly positioned to both drive and derive value from significant growth of the liquid staking industry.

🌐 Read more: https://twitter.com/PersistenceOne/status/1503361412336340993

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⚠️Beware of fake support scams.

Imposters pretending to be admins/team or support team members are reaching out to community members, offering β€˜support’ in an attempt to steal funds.

βœ… If you have a query, please leave a message in the official group and the team/admins will be happy to assist publicly: @pstakefinancechat

Note: Admins and team members will never DM you first. Always check usernames.

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$PSTAKE Distribution Reminder: CoinList Sale, Airdrop, Retroactive Rewards

Eligible participants have until the following deadlines to submit their wallet address:

♦️CoinList Sale: March 20, 12 PM UTC
♦️Airdrop: March 20, 12 PM UTC
♦️Retroactive Rewards: April 1, 12 PM UTC

ℹ️ Submission details: https://twitter.com/pStakeFinance/status/1504083528669093895

Please note this is the final call for wallet submissions. Participants who fail to submit their wallet address by the deadlines will not be eligible to receive their tokens.

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Retroactive Rewards Update: Address Resubmission Required

Due to a previous technical issue, we are requesting all eligible retroactive rewards campaign participants who have not received their first batch of rewards to resubmit their wallet address.

🌐Submit here: https://airdrop.pstake.finance/retroactive-rewards
ℹ️Tutorial: https://youtu.be/OJhEJyml4Vw

πŸ—“οΈExtended submission deadline: 1st April, 12 PM UTC

Read more: https://twitter.com/pStakeFinance/status/1505107751726460928

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All $PSTAKE Airdrop Participants to Receive 100% of Allocation πŸͺ‚

Previously, airdrop participants were required to stake 20 $ATOM or 100 $XPRT via pSTAKE in order to receive reward batches 2-6. We have now dispensed with this requirement in order to better facilitate widespread distribution of $PSTAKE and properly reward active ecosystem participants.

Participants who have fulfilled the previous requirement have been rewarded with an additional 100 $PSTAKE tokens in addition to their respective airdrop allocation.

🌐Read more: https://twitter.com/pStakeFinance/status/1505888785556459526

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A proposal to onboard bATOM (wrapped stkATOM) as collateral on Anchor Protocol has been submitted βš›οΈ

bATOM is wrapped stkATOM on the Terra chain (essentially staked $ATOM on Terra). By onboarding $bATOM as collateral, Anchor Protocol would be the first DeFi lending option for $ATOM stakers, enabling new opportunities for the Cosmos community.

🌐Proposal: https://forum.anchorprotocol.com/t/proposal-onboarding-batom-as-collateral/3786

ℹ️Learn more about how the intersection of pSTAKE and Anchor is poised to bring multi-fold benefits to the Terra and Cosmos ecosystems: https://twitter.com/pStakeFinance/status/1506585707049099270

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Introducing pSTAKE Community Governance βœ…

$PSTAKE holders will be able to initiate proposals and cast votes to implement changes to the protocol, allowing the community to have a prominent input on pSTAKE’s future direction.

🌐 Read more: https://twitter.com/pStakeFinance/status/1506949397426450437

As we push ahead on our mission to make liquid staking a standard of the PoS industry, the pSTAKE ecosystem will flourish & thrive quicker with direct input from the community.

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pSTAKE statistics update. πŸ“Š

Key highlights:

♦️ pSTAKE's combined TVL is at $66.5M.
♦️ stkASSET SushiSwap liquidity is at $19.9M TVL.
️♦️ stkATOM-ETH pool liquidity increased by 4.8% over 14 days.
♦️ pSTAKE users have received over $470,000 in staking rewards since launch.

🌐 Read more: https://twitter.com/pStakeFinance/status/1507089042910982151

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Voting to whitelist bATOM as collateral on Anchor Protocol is now live. βœ…

ANC token holders can now vote to enable bATOM for use as collateral on Anchor Protocol to borrow UST, signifying the first decentralized use case for borrowing against ATOM or staked ATOM.

🌐 Voting is live here: https://app.anchorprotocol.com/poll/22

πŸ—£οΈ Spread the word: https://twitter.com/pStakeFinance/status/1509075328072835073

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Upcoming Twitter Space: pSTAKE & Anchor Protocol AMA

Join us in an AMA with Anchor Protocol to discuss the onboarding of $bATOM (wrapped stkATOM) as collateral on Anchor and what it means for the Cosmos and Terra ecosystems.

πŸ—“ March 31 at 3:00 PM UTC.

🌐 Join us here: https://twitter.com/pStakeFinance/status/1509149098871595010

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bATOM on Anchor: Unlocking New DeFi Opportunities for $ATOM Holders πŸ”“

The integration of bATOM on Anchor introduces the first decentralized use case for borrowing against $ATOM and staked $ATOM. For the first time, $ATOM holders will be able to access decentralized borrowing and take advantage of the broader DeFi ecosystem using $UST.

pSTAKE expanding to the Terra ecosystem marks a major milestone for Cosmos and Terra.

🌐 Read more: https://twitter.com/pStakeFinance/status/1509472356288249859

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Final Call: Submit Your Wallet Address for Retroactive Rewards

We are requesting all eligible retroactive rewards campaign participants who have not received their first batch of rewards to submit/resubmit their wallet address.

⏰Deadline: 1st April, 12 PM UTC

See how to submit here: https://twitter.com/pStakeFinance/status/1509532866568331269

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pSTAKE introduces its first governance proposal for incentives to bootstrap pool liquidity.

A proposal is live on the pSTAKE Snapshot space to allocate $PSTAKE tokens from the Incentivisation and Community Development Fund to boost the pSTAKE liquid staking ecosystem.

If passed, a total of 750,000 $PSTAKE will be used to incentivise the following liquidity pools across two DEXs:
♦️ PSTAKE/OSMO: 500k $PSTAKE for 3 months on Osmosis.
♦️ stkATOM/ETH: 250k $PSTAKE for 1 month on SushiSwap.

🌐 Vote now: https://bit.ly/pSTAKEGovernance1

$PSTAKE token holders have 7 days to vote For or Against, or they can choose to Abstain. Voting will be executed via off-chain signing and won't require users to pay ETH gas fees.

πŸ—£οΈ Spread the word: https://twitter.com/pStakeFinance/status/1510318816097710082

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