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Stake

pSTAKE users can stake their deposited assets to mint 1:1 pegged ERC-20 stkTOKEN which earn staking rewards in the form of pTOKEN. The underlying PoS assets equivalent to the number of stkTOKEN in supply are staked with some of the leading validators in the PoS ecosystem. These validators are safelisted to receive delegations from pSTAKE. As the value locked on pSTAKE increases, more validators will be safelisted to receive delegations to ensure security of the underlying network is not hampered. pSTAKE will be safelisting validators in a manner that it adds to the decentralisation of the network and leads to better voting power distribution.