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PSTAKE Completes $10 Million Strategic Financing To Develop Liquidity Staking Protocol
Summary: PSTAKE, liquidity staking protocol based on DeFi platform Persistence, announced on Tuesday that it has completed a $10 million strategic financing led by Three Arrows Capital, Sequoia India, Galaxy Digital, and Defiance Capital. Other participating VCs include Coinbase Ventures, Tendermint Ventures, Kraken Ventures, Alameda Research, Sino Global Capital and Spartan Group. The round was also ...
PSTAKE, liquidity staking protocol based on DeFi platform Persistence, announced on Tuesday that it has completed a $10 million strategic financing led by Three Arrows Capital, Sequoia India, Galaxy Digital, and Defiance Capital. Other participating VCs include Coinbase Ventures, Tendermint Ventures, Kraken Ventures, Alameda Research, Sino Global Capital and Spartan Group. The round was also supported by angel investors such as Ajit Tripathi, head of institutional business development of Aave, Do Kwon, founder of Terra, and Tascha Punyaneramitdee, co-founder of Alpha Finance.
pSTAKE aims to unlock the liquidity of staking assets and bring PoS assets to DeFi. Uncapped support for Cosmos' ATOM and Persistence's XPRT has been launched, its total locked value (TVL) has exceeded $30 million.
With the new funding, the team plans to continue to expand pSTAKE support for other major PoS chains, including Ethereum 2.0, Terra, Polkadot, Solana, etc.
By Mary Liu
Tags: Defiance Capital,Galaxy Digital,PSTAKE,Sequoia India,Staking,Three Arrows Capital
Link: PSTAKE Completes $10 Million Strategic Financing To Develop Liquidity Staking Protocol [Copy]
