OKX Wallet is now supported by pSTAKE Finance, a Bitcoin yield and liquid staking protocol. This integration allows the OKX Web3 community to seamlessly connect to pSTAKE Finance via the OKX Wallet web extension.
pSTAKE Finance is a liquid staking solution that aims to unlock the full potential of PoS tokens by providing liquidity for staked assets. The protocol collaborates with established validators from various L1 chains, including Stake-fish, Chorus One, and Everstake, ensuring the reliability and security of the staking process.
By depositing assets on the pSTAKE platform, users have the advantage of being able to exit their staking positions promptly without any waiting period. This feature is beneficial in sudden price fluctuations, allowing users to respond quickly to market changes.
PSTAKE is the native cryptocurrency of pSTAKE Finance, and it can be utilized for staking, trading, investing, borrowing, lending, and providing liquidity on decentralized exchanges (DEXs). The total and maximum supply of PSTAKE tokens is set at 500 million, with a circulating supply of only 44.3 million.
Overall, the integration of OKX Wallet with pSTAKE Finance provides the OKX Web3 community with seamless access to the innovative liquid staking protocol and the opportunities it presents within the decentralized finance ecosystem.