Liquid staking derivative token for ATOM. Users can liquid stake ATOM through pSTAKE and will receive back stkATOM on the Persistence chain.
pSTAKE Staked ATOM (stkATOM) is the liquid staking token issued by staking Cosmos ATOM in pSTAKE project. Its ERC-20 token is the first liquid staking for ATOM and launched in 2021. In November 2022, stkATOM migrated to Persistence chain.