What is pSTAKE
pSTAKE is a liquid staking solution that unlocks the potential of staked PoS assets.
They have the following supported networks: Cosmos, Persistence,
Ethereum, & Solana.
pSTAKE is a liquid staking solution that unlocks the potential of staked PoS assets.
They have the following supported networks: Cosmos, Persistence,
Ethereum, & Solana.
Things to Note!!
- There's no minimum deposit required. That means, you can stake any amount of ETH directly via the pSTAKE app.
- pSTAKE charges a 10% fee to users who stake ETH, out of which 50% goes to the node operators, and 50% to their protocol treasury.
- There's no minimum deposit required. That means, you can stake any amount of ETH directly via the pSTAKE app.
- pSTAKE charges a 10% fee to users who stake ETH, out of which 50% goes to the node operators, and 50% to their protocol treasury.
With that out of the way, here's how you mint.
Step 1: Visit eth.pstake.finance and Connect your MetaMask wallet to the app interface.
Step 1: Visit eth.pstake.finance and Connect your MetaMask wallet to the app interface.
Step 2: Stake x amount of ETH within your wallet using pSTAKE.
Step 3: pSTAKE will issue y amount of stkETH.
NB: The amount of stkETH is dependent on the current exchange rate.
NB: The amount of stkETH is dependent on the current exchange rate.
Step 4: Use your sktETH to engage on other DeFi activities on the platform.
Yipee. You've successful staked your ETH.
Yipee. You've successful staked your ETH.
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