Liquid Staking Protocol PStake Raises $10M in Strategic Funding

Posted on by American Coins & Gold

Liquid Staking Protocol PStake Raises M in Strategic Funding
PStake, the liquid staking protocol from Indian trade finance company Persistence, has closed a $10 million strategic funding round led by Three Arrows Capital, Galaxy Digital, Sequoia Capital India and Defiance Capital. Other investors in the round included Coinbase Ventures, Tendermint Ventures, Kraken Ventures, Alameda Research, Sino Global Capital, Spartan Group and a number of angel investors.PStake plans to use the money for talent acquisition and to carry out security audits.Persistence is based on Cosmos, the so-called “internet of blockchains.” It offers a proof-of-stake (PoS) tech stack that works to expand decentralized finance (DeFi) markets while also attracting institutional investors…