Liquid Staking Protocol pSTAKE Announced Closing of $10 Million Strategic Financing

TokenInsight news, pSTAKE, a liquidity pledge protocol, announced the closing of a $10 million strategic funding round led by Three Arrows Capital, Galaxy Digital, Sequoia Capital India and DeFiance Capital, with participation from Coinbase Ventures, Tendermint Ventures, Alameda Research, and others. pSTAKE was developed by the team behind Persistence, an interoperable proof-of-stake (PoS) protocol powered by the Tendermint BFT consensus algorithm. pSTAKE's multi-chain technology stack currently supports Cosmos, Ethereum, and other Tendermint-based blockchains.