pSTAKE Staked ATOM
Crypto Overview
Purpose and Utility
pSTAKE's STKATOM is a liquid staking derivative token representing staked ATOM tokens on the Cosmos network. When users stake their ATOM tokens through pSTAKE, they receive STKATOM tokens in return, allowing them to maintain liquidity while earning staking rewards.
Business Model Analysis
The business model revolves around providing liquid staking services, allowing users to participate in network security while maintaining access to their capital. The protocol generates revenue through a portion of staking rewards. This model is transparent and doesn't involve prohibited activities like interest-based lending or gambling.
Real-World Adoption
STKATOM is actively used within the Cosmos ecosystem for its intended purpose of liquid staking. The token has integration with various DeFi protocols in the Cosmos ecosystem, though exact adoption metrics are difficult to verify.
Platform Development
The pSTAKE protocol maintains active development, with regular updates and improvements to the staking infrastructure. The project is part of the broader Persistence ecosystem, which shows consistent development activity.
Token Distribution and Governance
STKATOM tokens are minted when users stake ATOM and burned when they unstake, creating a transparent and fair token economic model. The token distribution is directly tied to user participation in staking.
Crypto Impact
To assign a comfort level investing in pSTAKE Staked ATOM from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to pSTAKE Staked ATOM.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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