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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Wen incentives for stkATOM-ETH pool on SushiSwap?

150,000 $PSTAKE in rewards for 30 days starting May 6th, 12:00 PM UTC.

Consolidated APR for stkATOM:
Staking rewards (pATOM) + $PSTAKE rewards = ~26%

๐ŸŒ LP now: https://bit.ly/3PdEZ2O

โ„น๏ธ Full details: https://twitter.com/pStakeFinance/status/1522550494756950022

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stkATOM & stkXPRT Reward Rate Adjustment Proposal is Live.

A proposal is now live on the pSTAKE Snapshot space to adjust the reward rate for stkATOM and stkXPRT, with the aim of aligning the rewards rate with the staking rewards of the supported networks in order for pSTAKE to be solvent and sustainable in the long term.

The suggested adjustments from the community are as follows:
โ™ฆ๏ธ stkATOM: Amend from 12.02% to 13.5%
โ™ฆ๏ธ stkXPRT: Amend from 32.02% to 24.63%

๐ŸŒProposal: https://bit.ly/3sieEXf

โœ…Voting beings tomorrow, May 7th.

$PSTAKE token holders will have 7 days to vote. Users will be able to vote through off-chain signing, which wonโ€™t require ETH gas.

๐Ÿ—ฃ๏ธ Spread the word: https://twitter.com/pStakeFinance/status/1522587011407831042

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What's in store for the pSTAKE ecosystem LPs?

1. Incentives for stkATOM- $ETH pool on SushiSwap- 150k $PSTAKE - Live โœ…

2. Incentives for $PSTAKE- $OSMO pool on Osmosis- 500k $PSTAKE -Going live today

3. Incentives for $bATOM- $UST pool on Astroport- 500k $PSTAKE - Coming soon โณ

Spread the word: https://twitter.com/pStakeFinance/status/1522849776899072000
Completed pSTAKE Security Audits ๐Ÿ”’

pSTAKE aims to provide a secure and robust liquid staking interface for our community. Thus, these leading security firms have audited our protocol:

โ™ฆ๏ธ Oak Security
โ™ฆ๏ธ PeckShield
โ™ฆ๏ธ Solidified
โ™ฆ๏ธ ConsenSys Diligence
โ™ฆ๏ธ Trail of Bits

These audits covered the Persistence Bridge (pBridge), Ethereum 2.0 liquid staking, Anchor Protocol integration, and Stake LP & other smart contracts.

We will continue to improve the underlying infrastructure and security of pSTAKE to optimize our liquid staking ecosystem.

๐ŸŒAudit reports: https://github.com/persistenceOne/pstake-auditreports

๐Ÿ—ฃ๏ธ Spread the word: https://twitter.com/pStakeFinance/status/1523290291964465153

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Binance Labs and pSTAKE Collaborate to Bring Liquid Staking to the BNB Ecosystem

Binance Labs, the venture capital and incubation arm of Binance, has made a strategic investment in pSTAKE. We will collaborate to bring liquid staking to the BNB community and foster the growth of DeFi innovation in the BNB Chain ecosystem.

โ€œBinance Labs is excited to support pSTAKE Finance as they launch BNB liquid staking and bring additional DeFi innovation into the BNB Chain ecosystem. We are excited by the quality of the team leading pSTAKE and look forward to partnering closely.โ€
- Ken Li, Executive Director at Binance Labs

๐ŸŒ Read more: https://bit.ly/397fP56

๐Ÿ—ฃ๏ธ Spread the word: https://twitter.com/pStakeFinance/status/1523994505913016320

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Beware of Fake $PSTAKE Airdrop Scams ๐Ÿšจ

It has come to our attention that scammers on Telegram are forwarding a message regarding an airdrop from a fake โ€˜pSTAKE Finance Communityโ€™ channel to community members in DM.

This is a scam. There is no new $PSTAKE airdrop. The message contains a link to a website which is designed to steal your funds.

โœ…The official pSTAKE announcements channel is @pstakefinance and the official group is @pstakefinancechat. Always check the blue verification check mark of the channel/group to be sure of authenticity.

๐Ÿ“ข Report scammers to @notoscam.

๐Ÿ—ฃ๏ธ Spread the word: https://twitter.com/pStakeFinance/status/1524038207758819328

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Advisory for $bATOM Holders on Anchor Protocol โš ๏ธ

Due to the recent events surrounding Terra and a substantial reduction in its market capitalisation, the network is now vulnerable to 1/3 governance attacks.

These attacks can expose $bATOM holders to the potential loss of some (or all) of their tokens.

pSTAKE team would like to warn users to exercise caution and consider withdrawing their $bATOM tokens from Anchor Protocol immediately.

๐Ÿ—ฃ Spread the word: https://twitter.com/pStakeFinance/status/1524813450429403142

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โš ๏ธ pSTAKE General Advisory

Liquid staking builds a path to implement additional use cases for staked assets. pSTAKE integrates with DeFi protocols to provide extra utility for stkASSETs.

However, these integrations come with inherent risks due to other protocol's mechanisms and are susceptible to vulnerabilities.

Our team always closely assesses and monitors these systemic and financial risks for all stkASSET integrations. pSTAKE has completed multiple audits conducted by several leading blockchain security firms to prevent smart contract risks.

๐ŸŒ Learn more: https://twitter.com/pStakeFinance/status/1523290291964465153

stkATOM and stkXPRT holders can currently provide liquidity to the stkATOM/ETH & stkXPRT/ETH pools on SushiSwap. In return, they receive rewards in the form of trading fees and external incentives. Please note that liquidity providing exposes users to the risk of impermanent loss.

Similarly, pSTAKEโ€™s integration with @anchor_protocol was aimed to allow $ATOM holders to collateralise their $ATOM to receive $UST loans. But due to the de-pegging of $UST, @anchor_protocol has become unstable for the users.

๐ŸŒ Read more: https://twitter.com/pStakeFinance/status/1524813450429403142

These recent events surrounding the Terra ecosystem are a reminder that DeFi is still in its infancy. The path forward on this journey will be long, but Persistence and pSTAKE will continue to build the foundation for liquid staking. โš™๏ธ

Meanwhile, we urge all our community members and users to practice extreme caution. In case of any questions or concerns, please feel free to reach out to our team.

Beware of scammers and imposters.

๐Ÿ—ฃ Spread the word: https://twitter.com/pStakeFinance/status/1525135423173177344

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Converting bATOM to stkATOM: User Guide

pSTAKE team developed a simple user guide outlining how to convert your bATOM to stkATOM on pSTAKE.

๐ŸŒRead more: https://blog.pstake.finance/2022/05/13/converting-batom-to-stkatom-user-guide/

๐Ÿ—ฃ Spread the word: https://twitter.com/pStakeFinance/status/1525174100632645633

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The stkETH Testnet is Live Again. โœ…

pSTAKE has removed the deposit queue rule (5% or 32 $ETH) to make integrations easier across other platforms. Users can now directly stake any amount of $ETH, which will instantly be staked on the pSTAKE platform.

Additionally, users will not have to wait for staking pools to be filled and active. All contracts have been upgraded within the current stkETH testnet version.

๐Ÿ—ฃ Spread the word: https://twitter.com/pStakeFinance/status/1525385444321439744

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The pSTAKE governance proposal to adjust the stkATOM & stkXPRT reward rate has been passed โœ…

โ™ฆ๏ธstkATOM: Increase from 12.02% to 13.5%
โ™ฆ๏ธstkXPRT: Reduce from 32.02% to 24.63%

๐ŸŒProposal: https://bit.ly/3FKThTZ

Voting has ended, and our team will execute this proposal this week.

๐Ÿ—ฃ Spread the word: https://twitter.com/pStakeFinance/status/1525523461686169600

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The new stkATOM and stkXPRT reward rate are live โœ…

Based on a recently approved pSTAKE governance proposal, a new reward rate is going live for stkATOM & stkXPRT. This will help make pSTAKE more sustainable and align the interests of $PSTAKE holders and users.

As per our guideline of a 7-day implementation window following the approval of a proposal, the team has already made the adjustment and the revised reward rates are live on the app.

We want to thank our community for their continued participation.

๐ŸŒProposal: https://bit.ly/3FKThTZ

๐Ÿ—ฃ Spread the word: https://twitter.com/pStakeFinance/status/1526216003331403778

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Bringing Liquid Staking to the BNB Ecosystem Alongside Binance Labs

We recently announced a partnership between pSTAKE and Binance Labs aimed at bringing liquid staking to the BNB ecosystem. pSTAKEโ€™s BNB liquid staking implementation is expected to roll out towards the end of Q2 2022.

To learn more about how weโ€™ll be working together and what this joint effort means for both the BNB and pSTAKE ecosystems, click below.

๐ŸŒ https://twitter.com/pStakeFinance/status/1526575357570293760

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stkATOM to bATOM Conversions Disabled โœ‹

Due to recent events involving the Terra Network and Anchor Protocol, conversions from stkATOM to bATOM have been disabled on the pSTAKE app. We encourage bATOM holders to convert their tokens to stkATOM using the Wormhole bridge.

๐ŸŒRead more: https://blog.pstake.finance/2022/05/13/converting-batom-to-stkatom-user-guide/

๐Ÿ—ฃ Spread the word: https://twitter.com/pStakeFinance/status/1526942790231285760

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Earn ~74% APR by Providing Liquidity to the PSTAKE/OSMO Pool on Osmosis

Following the passing of governance proposal #2, the PSTAKE/OSMO pool on Osmosis has been incentivised.

โ™ฆ๏ธCurrent APR: ~74%
โ™ฆ๏ธTotal Rewards: 500,000 $PSTAKE

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

๐ŸŒProvide liquidity here: https://app.osmosis.zone/pool/648

๐Ÿ—ฃ๏ธ Spread the word: https://twitter.com/pStakeFinance/status/1529056300406976512

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pSTAKE Dashboard Live on Dune Analytics. โœ…

A pSTAKE dashboard is now available on Dune Analytics. Users can view all key data surrounding TVL metrics, contract addresses, wallets, and more.

Take a deeper dive into pSTAKE today.

๐ŸŒView dashboard: https://dune.com/shini/pStake-Finance

๐Ÿ—ฃ Spread the word: https://twitter.com/pStakeFinance/status/1530185739857797123

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ETH Liquid Staking is Now Live ๐Ÿš€

Weโ€™re thrilled to announce that pSTAKE's $ETH liquid staking implementation is live on the Ethereum mainnet.

Users can now stake their $ETH via pSTAKE app and receive stkETH, opening the door to additional DeFi opportunities on Ethereum.

๐ŸŒStake here: https://app.pstake.finance/

โ„น๏ธLearn more: https://bit.ly/pSTAKE-Ethereum2

๐Ÿ—ฃ Spread the word: https://twitter.com/pStakeFinance/status/1531258910845329410

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stkETH User Guide - Liquid Stake Your ETH Today โœ…

Following the recent launch of pSTAKEโ€™s ETH liquid staking implementation, weโ€™ve created a detailed video and written tutorial on how to mint, swap, and supply liquidity with stkETH so you can maximize your opportunities across the Ethereum DeFi ecosystem.

๐ŸŒ Learn more: https://twitter.com/pStakeFinance/status/1531938088028893184

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stkATOM-ETH SushiSwap Pool Incentivisation Period Has Ended.

The incentivisation period for the stkATOM-ETH pool on SushiSwap has concluded. ๐Ÿ“…

150,000 $PSTAKE in rewards will soon be proportionally distributed to all LP tokens staked during this period.

๐ŸŒPool link:
https://app.sushi.com/legacy/add/ETH/0x44017598f2AF1bD733F9D87b5017b4E7c1B28DDE

๐Ÿ—ฃ Spread the word: https://twitter.com/pStakeFinance/status/1533127080451485696

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