PSTAKE to TRY Converter
How much Turkish lira ( TRY) is 1,000 pSTAKE Finance ( PSTAKE)?
pSTAKE Finance
PSTAKE
Turkish lira
TRY
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The Morpher currency calculator allows you to convert a currency from pSTAKE Finance (PSTAKE)
to Turkish lira (TRY) in just a few clicks at live exchange rates.
Simply enter the amount of pSTAKE Finance you wish to convert to TRY and the
conversion amount automatically populates. You can also use our Prices Calculator Table to calculate how much your currency is worth in other
denomination, i.e. 1 PSTAKE, 5 PSTAKE, 10 PSTAKE, 50 PSTAKE etc.
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Quick facts about pSTAKE Finance
"pSTAKE is a liquid staking protocol that unlocks the true potential of staked PoS assets (e.g., ATOM).
PoS token holders can deposit their tokens onto the pSTAKE platform to mint 1:1 pegged ERC-20 wrapped unstaked tokens represented as pTOKENs (e.g., pATOM).
Users can convert pTOKENs into 1:1 wrapped ERC-20 staked representatives called stkTOKENs by staking the underlying deposited PoS tokens.
stkTOKENs, representing staked tokens, accrue staking rewards in the form of pTOKENs (This mirrors the workings of most PoS chains where staking rewards aren't automatically compounded but earned in the form of liquid tokens which can be claimed by a user at any point in time). pSTAKE allows its users to utilize stkTOKENs in various DeFi protocols to earn additional yield on top of their staking rewards. Example: Alice wraps (deposits) 100 ATOM on pSTAKE.
She receives 100 pATOM representing 100 ATOM deposited onto the pSTAKE platform.
As long Alice has 100 pATOM, she can redeem 100 ATOM (1:1) from the platform back into her Cosmos wallet by burning off her pATOM balance (This is the unwrapping process). After receiving 100 pATOM, she decides to stake the underlying deposit of 100 ATOM on the Cosmos Hub to earn staking rewards (assume ~7% Annually).
On staking, Alice receives 100 stkATOM, and her pATOM balance is now changed to 0 (pATOM burned, stkATOM minted).
Let's assume there's an already existing stkATOM-ETH liquidity pool on SushiSwap.
Alice supplies all her stkATOM and an equivalent amount of ETH into the Sushi pool to become a liquidity provider (LP).
A portion of the trading fees generated on SushiSwap is distributed to all the LPs (Assume that this results in 9% yields annually).
Thus, if Alice doesn't face any Impermanent loss at the end of the year, she would earn (7+9)% yield on her 100 ATOM holdings instead of the usual 7% she would have received by simply staking (and not liquid staking).
Alice, being a PoS coin staker, leverages pSTAKE's technology to generate additional yield."
PoS token holders can deposit their tokens onto the pSTAKE platform to mint 1:1 pegged ERC-20 wrapped unstaked tokens represented as pTOKENs (e.g., pATOM).
Users can convert pTOKENs into 1:1 wrapped ERC-20 staked representatives called stkTOKENs by staking the underlying deposited PoS tokens.
stkTOKENs, representing staked tokens, accrue staking rewards in the form of pTOKENs (This mirrors the workings of most PoS chains where staking rewards aren't automatically compounded but earned in the form of liquid tokens which can be claimed by a user at any point in time). pSTAKE allows its users to utilize stkTOKENs in various DeFi protocols to earn additional yield on top of their staking rewards. Example: Alice wraps (deposits) 100 ATOM on pSTAKE.
She receives 100 pATOM representing 100 ATOM deposited onto the pSTAKE platform.
As long Alice has 100 pATOM, she can redeem 100 ATOM (1:1) from the platform back into her Cosmos wallet by burning off her pATOM balance (This is the unwrapping process). After receiving 100 pATOM, she decides to stake the underlying deposit of 100 ATOM on the Cosmos Hub to earn staking rewards (assume ~7% Annually).
On staking, Alice receives 100 stkATOM, and her pATOM balance is now changed to 0 (pATOM burned, stkATOM minted).
Let's assume there's an already existing stkATOM-ETH liquidity pool on SushiSwap.
Alice supplies all her stkATOM and an equivalent amount of ETH into the Sushi pool to become a liquidity provider (LP).
A portion of the trading fees generated on SushiSwap is distributed to all the LPs (Assume that this results in 9% yields annually).
Thus, if Alice doesn't face any Impermanent loss at the end of the year, she would earn (7+9)% yield on her 100 ATOM holdings instead of the usual 7% she would have received by simply staking (and not liquid staking).
Alice, being a PoS coin staker, leverages pSTAKE's technology to generate additional yield."
PSTAKE Price Chart
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PSTAKE to TRY price stats
24hr
-4.67% 
7d
23.74%
30d
-3.42%
Over the past 30 days, pSTAKE Finance has dropped -3.42% to TRY. The trend and price charts for the past
week shows that PSTAKE has gained 23.74% to TRY and over the past 24 hours, PSTAKE has dropped -4.67% to
TRY.