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Moonstake Joins PL^Gnet Partner Alliance

Moonstake Joins PL^Gnet Partner Alliance

Last updated 30th Nov 2022
Disclosure

Moonstake has joined the PL^Gnet Partner Alliance. Through this partnership, Moonstake can expand access to DeFi services, exchanges, and custodians participating in the PL^Gnet partner ecosystem for its users.

Since launching its staking business in 2020 Moonstake has developed a web wallet and mobile wallet (iOS/Android) with support for more than 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake’s total staking assets have grown to $1 billion, allowing Moonstake to become one of the top 10 staking providers globally. Currently, Moonstake supports Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, and IOST.

Meanwhile, PL^Gnet is an advanced multi-chain synthetic assets protocol, designed to enable asset custodians to leverage any asset from any network in its synthetic form as well as DeFi services. It provides the benefits of transparency, composability, and interoperability crucial to DeFi in a way that allows improved regulatory compliance. The protocol helps asset custodians to put their “at rest” assets to work for their clients in a safe space.

PL^Gnet currently has more than 10 initial partners, more than 1,000 assets and more than $10 billion in trading volume daily between members. Global cryptocurrency exchanges such as MXC and BKEX have already announced in the PL^Gnet ecosystem, in which collaboration with various more partners also expected. With the PL^G token, anyone can take part in the governance of the PL^Gnet network and access a wide range of exchanges, custody providers, asset managers and staking farms. The protocol allows users to hold their asset with their existing provider and use that asset inside of a DeFi environment on PL^Gnet, as well as cross-chain interaction from any asset listed with a provider that is connected to PL^Gnet.

“We’re pleased to partner with PL^Gnet, the breakthrough proof-of-stake protocol that enables anyone to access a wealth of valuable DeFi services on the market,” Moonstake founder Mitsuru Tezuka said. “As a member of the PL^Gnet Partner Alliance, Moonstake is also proud to provide users of the PL^Gnet ecosystem access to our world-leading staking services for the market’s most demanded staking coins. With the expansion of our ecosystem through the DeFi platform Muse.Finance, Moonstake is poised to be a valuable addition to the already robust Partner Alliance of PL^Gnet, which will in return open up even more exciting opportunities for our own users. Right now, DeFi users make up only five per cent of the total population of crypto users, and our partnership, which is focused on creating high liquidity, will boost this number to new heights.”

“PL^Gnet is excited to welcome Moonstake, one of the world’s top 10 largest staking providers with user-friendly, secure, and highly powerful staking wallets, into our Partner Alliance,” PL^Gnet CEO Jerry Yuan said. “We are always looking to enrich our ecosystem with reputable, high-value projects and boost liquidity, and so far, we are very much impressed with the market position Moonstake has achieved in just one year since launch, as well as the striking development they have made with Muse.Finance to expand the value of their ecosystem. Together, we hope to bring valuable blockchain financial services to global users and help them maximize the potential of their digital asset investments.”

Here is a video interview of Moonstake’s Senior Advisor, Shogo Ishida, and PL^Gnet’s CEO, Jerry Yuan, on the partnership and what it means to each project: https://www.youtube.com/watch?v=YVbbO5IdAIY

Staff Writer

Staff Writer