The pStake project uses a dual token system that is made of the pToken and the stkToken. In this article I’ll be talking more about the stkToken and its use. The stkToken is the wrapped version the stands for the pegged PoS token that can be staked to the pStake network. The stkToken serves as the yield generating token within this network. Just like the pToken, you can redeem the stkToken at a ratio of 1:1 for any PoS assets that are deposited through the pStake contract.
Users who hold and stake stkTokens can earn staking rewards as the pTokens. These rewards can be claimed at any instance by exiting their positions through a Dex, but to maximize returns it’s best to do some when gas fees are a minimum. StkToken holders can also provide liquidity to the Dex in question to earn trading feees, which gives yet another level for yield generation.
Visitng the pStake website allows you to see how to mint stkTokens through the use of the project’s mint function.
Topic: pStake Yield Generating Token (Read 36 times)
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