zerokn0wledge

pSTAKE Solana liquid staking and Persistence restaking

Quote231 words
Market takeSolanaDeFipSTAKE FinancePersistenceSolana$SOL$PSTAKE

Notes pSTAKE's entry into Solana liquid staking, where only three LSDs exist and about $56B of SOL is staked, and relays a rumour of a large PSTAKE airdrop. Also covers Persistence's plan to become the Cosmos restaking layer.

Key claims
SOL market cap about $87B and staked about $56B
Only 3 LSDs exist on Solana
PSTAKE Solana airdrop is a rumour, unverified
🚨 Alpha Alert 🚨 @pStakeFinance just announced $SOL liquid staking on @solana and I'm hearing rumours about a huge $PSTAKE airdrop on Solana and restaking SOL on @PersistenceOne. TL;DR πŸš€ Solana Staking is a high-growth market ✦ Current $SOL market cap = ~$87B ✦ $SOL staking market cap = ~$56B ✦ Only 3 LSDs currently exist πŸͺ‚ Potential $PSTAKE airdrop on Solana Hearing that @pSTAKE is considering to airdrop a huge amount for early incentivization to the Solana Community. Big if true but would make sense as they have to enter the market with a bang. πŸ‘¨β€πŸŒΎ stkSOL will offer one of the highest SOL yields With stkSOL powered by @pStakeFinance, users will get boosted SOL staking rewards supercharged with MEV on Solana. πŸ”„ Restaking on Persistence @PersistenceOne is a Cosmos SDK based chain that is optimized for maximizing DeFi yield with innovative liquid staking use cases. Recently, Persistence announced an innovative restaking model that effectively turns the Persistence blockchain into the restaking layer of the Cosmos ecosystem. What this means, is that Persistence will implement an asset-agnostic crypto-economic security model that allows users to restake any asset to secure the Persistence chain and even @eigencloud-style AVS infrastructure like relayers, bridges or entire app-chains in exchange for (re)staking rewards. Can you soon secure @PersistenceOne with your SOL that you stake with @pStakeFinance and restake on Persistence? Probably yes. ✨ Few. πŸ‘€
QUOTING @pStakeFinance
BREAKING: pSTAKE Finance is expanding liquid staking to @solana, one of the most active Layer 1 ecosystems with a $80B+ market! πŸš€ $SOL holders will soon enjoy staking yield wif boosted rewards πŸ“ˆ We’re going BIG. Ready for some fast action? πŸͺ‚πŸ‘€ t.co/8eJUWm3TdC
Open on X

What came next Β· since 05 Apr 2024

Show how the 2 covered assets moved

This market take reads the setup without making a call on the token, so price moves since publication are shown as market context.

Covered, no call
$PSTAKEpSTAKE Financeto last trade 06 Jul 2026βˆ’99.9%βˆ’99.9% vs BTC
Mentioned for context
$SOLSolanasince publicationβˆ’43%βˆ’53% vs BTC
Since then

Zero has written 2 more pieces on pStake since this one.

Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.

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