RootData: pSTAKE Finance token (PSTAKE) has increased by 85.49% in the last 24 hours

ChainCatcher news reports that according to RootData market data, the pSTAKE Finance token (PSTAKE) has increased by 85.49% in the last 24 hours, currently priced at $0.023.

According to the Web3 asset data platform RootData, pSTAKE is a liquid staking protocol that releases the liquidity of staked assets. Stakers of PoS tokens can now stake their assets while maintaining the liquidity of those assets. When staking with pSTAKE, users can earn staking rewards and receive representative tokens (stkASSET) for their staked assets, which can be used in DeFi to generate additional yields (on top of staking rewards).