pSTAKE Expands into Bitcoin Liquid Staking via Babylon Integration

IconCNT15 May, 2024

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pSTAKE Expands into Bitcoin Liquid Staking via Babylon Integration

PSTAKE, a prominent liquid staking protocol, has introduced a groundbreaking solution for Bitcoin liquid staking, empowering decentralized finance (DeFi) on the Bitcoin blockchain. This solution is built upon the robust Babylon protocol and aims to streamline the BTC staking process, unlocking additional yield-generating opportunities for BTC holders. Binance Labs, a renowned player in the cryptocurrency ecosystem, recognized the potential in PSTAKE and made a strategic investment in May 2022. This investment further validates PSTAKE's commitment to transforming the DeFi landscape. Currently trading at $0.07726, PSTAKE has experienced a rise of 1.49%, as reported by CoinMarketCap. This recent development signals a positive trajectory for PSTAKE and its unwavering commitment to fostering innovation in the cryptocurrency space. Previously on 15 May 2024, PSTAKE announced the launch of its highly anticipated Bitcoin liquid staking solution, empowering BTC holders with greater flexibility and earning potential. This launch marked a significant milestone in PSTAKE's mission to reshape the DeFi ecosystem.

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