DeFi· ★★· neutral·

Faroo launches stPROS liquid staking token on Pharos

  • —stPROS went live on October 28 via Binance Web3 Wallet and OKX Web3 Wallet
  • —Rewards accrue through an exchange-rate model: stPROS balances stay fixed while PROS redeemable per token rises
  • —Faroo is the first project in Pharos' $10 million incubation program, at a $10 million post-investment valuation
  • —tbPROS, combining staking with RWA-linked yield, and a points program are planned for late November
Why it matters: With no disclosed staking volumes or liquidity, it is too early to judge whether stPROS will function as a real DeFi instrument.
#PROS
Source: BitcoinWorld
More on this
Airdrops · Oct 10
Pharos to Close PROS Airdrop Claim Portal on October 25
 DeFi · Oct 21
Sky Prime Agent launches Basin for tokenized T-bill liquidity
 Security · Oct 16
DogeBall Launches DOGEBALL With Under $100 in ETH Liquidity, Token Crashes 99.8%