Performance
  • $0.92 (-0.2)%
  • 24h-0.79%
  • 7d-0.1%
  • 30d-21.5%
  • 1y-85.47%
ATH
  • ATH Price$15.72
  • ATH Date2021-04-16
  • % since ATH-94.15%
  • % to ATH1,608.13x
ATL
  • ATL Price$0.04
  • ATL Date2018-12-15
  • % from ATL 22.35x
  • Last Low Price$0.90
  • Last Low Date2022-11-15
  • % from Last Low 1.02x
Community
View all
Graph
Share
Ratio:
Performance %:
General
  • NameTheta Network
  • Symboltheta
  • Rank#48
  • MIG Rank
  • Market Cap $922,906,482.00
  • Fully Diluted Valuation $922,906,482.00
  • Volume $19,566,800.00
  • Vol. / Market C. Ratio2.12%
  • Av.Supply / Max Supply Ratio 100.00%
  • Centralization
  • Open Source
  • Develpment Status
  • Proof Type
  • Platform
$0.92
Share
Share
Image pSTAKE

pSTAKE key value propositions:

pBridge

The pSTAKE protocol uses an inter-blockchain bridge named ‘pBridge’ which facilitates the transfer of value between various blockchains, such as Ethereum, Cosmos, Persistence, among many others. While other blockchain bridges only allow for the creation of pegged tokens, pBridge enables interchain staking and unstaking of PoS tokens at the protocol level on their respective native chains.

The purpose of the pBridge is primarily to:

  • Mint 1:1 pegged ERC-20 wrapped representatives or pTokens
  • Stake and unstake these PoS tokens that are deposited on the pBridge
  • Accrue and claim respective staking rewards and replicate them onto the Ethereum blockchain

pBridge implements Crash Fault Tolerance by being a multi-party computation based bridge that is secured by some of the industry leading Proof-of-Stake validators.

Dual Token Model

The dual token model of pSTAKE simplifies staking and rewards mechanisms for users and mirrors the exact workings of the PoS networks that it supports.

pTokens are 1:1 pegged ERC-20 unstaked representative tokens that copy the functionality of the underlying PoS network and only represent unstaked tokens on that network. Users can then stake their pTokens with pSTAKE to mint stkTokens, which are 1:1 pegged staked representative tokens. In the background, the PoS assets deposited on the protocol are staked onto the network with leading PoS validators. stkTokens accrue staking rewards in pTOKENs which can also be used in the broader Ethereum DeFi ecosystem.

Fungibility

All issued stkTokens are fungible in nature.

This fungibility is achieved by delegating assets staked on the respective PoS networks evenly across a set of validators participating in the pSTAKE protocol. This proportion of stake distribution will be governed by $PSTAKE token holders after the token launch.

stkToken holders equally share the risk of slashing in the ecosystem. However, these slashing risks are mitigated to a large extent through distributed delegation across multiple validators.

pSTAKE Investment Rounds
ICO IS ENDED: Dec 07 — Dec 22 2021

ICO price

0.4

Lock-up

25% unlock on or around January 25, 2022, followed by a 6-month linear vesting schedule

Tokens For Sale

25000000