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Pharos' Faroo launches stPROS token, enabling liquid staking with easy wallet integration and fast redemption.

Protocol Fundamentals
28 Oct 2026, 13:50 WIB
Crypto Daily
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Bullish
Pharos' Faroo launches stPROS token, enabling liquid staking with easy wallet integration and fast redemption.

Pharos' Faroo protocol launched stPROS, a liquid staking token allowing users to earn staking rewards while keeping assets usable in DeFi. Integrated with Binance and OKX Web3 wallets, it simplifies staking by avoiding manual setup. Unlike rebasing tokens, stPROS uses an exchange-rate model for easier DeFi integration and offers fast redemption by using new deposits to fulfill withdrawals. Faroo, backed by Pharos and built on Bifrost, plans to add real-world asset yield products and community incentives by late November 2026, aiming to connect on-chain staking with real-world finance.

Faroo's launch of the stPROS liquid staking token offers a new DeFi staking option. For readers following the cryptocurrency market, here is Pluang's market snapshot as of Oct 28, 2026 17:31 WIB: Among 50 major cryptocurrencies, 46 rose and 3 fell today. Notable movers include NEO at Rp38.708 with a 5.13% increase and a typical hold time of 97 days, SUSHI at Rp3.765 down 4.58% with 100% sell order activity, and DOT at Rp18.505 up 4.57% with 96% buy order activity and a typical hold time of 122 days.

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