Pstake Finance

Liquid staking allows users to stake proof-of-stake tokens to secure a blockchain network while receiving a liquid derivative token in return. That derivative token can be traded, lent, or deployed in DeFi protocols, removing the traditional lock-up period. Pstake Finance issues tokens like stkATOM on Cosmos and stkETH on Ethereum, enabling stakers to simultaneously earn staking rewards and participate in lending markets, liquidity pools, and yield strategies (per public record).

Pstake Finance operates liquid staking protocols on Cosmos Hub, Ethereum, and BNB Chain. In September 2024, the protocol expanded into Bitcoin liquid staking through integration with Babylon, a Bitcoin staking protocol that enables BTC holders to earn yields without wrapping or bridging their assets to another chain. This makes Pstake one of the early liquid staking platforms covering both proof-of-stake networks and Bitcoin.

Pstake Finance was incubated by Persistence One, a Cosmos-based ecosystem builder that develops infrastructure for liquid staking and institutional DeFi. Persistence One operates a broader suite of products including a decentralized exchange and staking-as-a-service offerings. Pstake functions as one of the core protocols within this ecosystem, with the teams sharing contributor resources and a multi-jurisdictional operating footprint across Singapore, the United States, Germany, Japan, and China.

Yes. On Ethereum, Pstake's liquid staking token stkETH integrates with EigenLayer, a restaking protocol that allows staked ETH to secure additional decentralized services — known as Actively Validated Services — and earn supplementary yield beyond the base Ethereum staking rate. This restaking integration layers additional returns onto the standard staking rewards, a structural feature that appeals to yield-maximizing institutional and retail capital alike.

Pstake Finance maintains a distributed corporate footprint with offices in Singapore, Chicago, Cologne, Tokyo, and Beijing, suggesting a multi-jurisdictional compliance architecture. The protocol does not publicly disclose specific regulatory registrations or licenses, but the geographic spread across Asia, North America, and Europe reflects a strategy designed to operate across fragmented regulatory regimes — a common posture among crypto-native protocols seeking to maintain service continuity as global frameworks evolve.