Back to Basics: Revisiting some of the FAQs around @pStakeFinance

protocol and $PSTAKE token.

1. What is pSTAKE?
https://www.youtube.com/watch?v=0sMoynPrA4w


2. What are stkASSETs and which PoS assets are supported by pSTAKE?

stkASSETS are 1:1 pegged liquid staking representative tokens for the assets staked through pSTAKE. Currently, pSTAKE supports $ATOM and $XPRT.

Support for $ETH and $SOL coming soon.

Read more: https://docs.pstake.finance/Protocol%20Tokens/

3. How to use pSTAKE?

♦️pSTAKE Zero-to-One Guide: https://blog.pstake.finance/2021/12/10/pstake-zero-to-one/

♦️Video tutorial with Keplr:
https://bit.ly/3h8K24M

4. How to manage the high ETH Gas Fees for staking $ATOM and $XPRT currently on pSTAKE?

Team is implementing 0 ETH Gas Fees for staking PoS assets on pSTAKE Ethereum dApp in March. 0 ETH Gas Fees will be only supported for Stake Function.

Read more: https://twitter.com/pStakeFinance/status/1496092260479672320

5. What is the role of the $PSTAKE token?

$PSTAKE is an ERC-20 token that provides its holders with a two-fold benefit:

♦️Participation in protocol improvement proposals through voting
♦️Participation in protocol security

Read more: https://blog.pstake.finance/2021/09/09/introducing-pstake/

6. When is the $PSTAKE token launching?

♦️ $PSTAKE token will be launched on Feb 24th

♦️ $PSTAKE tokenomics: https://t.co/hrXQI91SNN

7. How will the $PSTAKE distribution happen for Coinlist sale participants?

$PSTAKE tokens will be sent to participants' ERC-20 address (NOT Coinlist wallet) submitted during Coinlist sale. ETH Gas Fees for the distribution of $PSTAKE tokens will be taken care of by pSTAKE team.

Regarding address change:

If you have emailed before February 22, 2022 12:00 PM UTC, the team will update the address.

⚠️Disclaimer
1. Requests only from registered Coinlist emails used for the $PSTAKE sale will be accepted.
2. The addresses/emails will be matched with the final sale allocation list provided by Coinlist to discard scammers/imposters.
3. No requests after February 22, 2022 12:00 PM UTC will be considered.

8. How will the vesting work for Coinlist sale participants?

Vesting period will start from Feb 24th. Tokens will be sent to sale participants on the 24th of every month (next 5 months).

Distribution breakdown:
♦️25% tokens on Feb 24th
♦️12.5% tokens every month (2nd - 7th month)

9. Who is eligible for $PSTAKE airdrop?

$PSTAKE will be dropped to:
♦️ $XPRT, $ATOM, $OSMO stakers
♦️DeFi users - @AaveAave, @CurveFinance
♦️pSTAKE early adopters
♦️StakeDrop participants ($ATOM)

Check eligibility: airdrop.pstake.finance

Read more: https://twitter.com/pStakeFinance/status/1494679542438535176

10. How to receive $PSTAKE airdrop?

1️⃣Check Eligibility

2️⃣Submit your Persistence wallet and sign using Keplr or Metamask on airdrop.pstake.finance

3️⃣First Tranche will be dropped on Feb 24th

4️⃣For second tranche, stake 20 ATOM or 100 XPRT on pSTAKE

Read more: https://t.co/KAbXYYd3Ky

———————————————————

Visit pSTAKE's FAQ repositories to find answers to your doubts.

♦️Community FAQs: https://blog.pstake.finance/faqs/

♦️Protocol FAQs: https://docs.pstake.finance/Protocol/

Hi team, if I check my persistence addres now, it says address not eligible , but long back I had done a magic tx with my metamask address because I was eligible (5 months back) , has something changed for the airdrop ?

Thanks Dan, does it matter if It says I am not eligible in airdrop.pstake.finance ? I match the criteria mentioned for xprt stakers

For an XPRT staker to be eligible to receive the airdrop, they must have been staking at least 100 XPRT at the time of the snapshot. Snapshot date: 2nd September 2021, 12PM UTC

I was eligible at that time , that’s why I sent a magic tx , but I cannot check anymore if I was staked at that time

You were probably just holding XPRT at that time. Requirements have changed. Now only stakers are eligible for the airdrop.

Too bad 🥲

Make sure you stake them now 🤗

Yep 😂 already did !!