What Are pTokens and Why they are so Important?

As the decentralized economy expands, developers seek new and exciting ways to unlock liquidity in the blockchain sector. Among these new concepts, the pToken strategy has proven superior technology. pTokens are a type of Ethereum token representing a 1:1 peg with another blockchain asset. Importantly, the "p" in pTokens is provable, portable, and pegged. pTokens are pegged on a 1:1 basis to their underlying digital asset. This enables user access to cross-chain markets without the need to trade their token…