Over the last few days, pSTAKE Finance has made notable progress in the DeFi space through its collaboration with Bybit, one of the top five exchanges globally, according to CoinMarketCap. This partnership enables Bitcoin Liquid Staking on Babylon Labs, reaching over 40 million Bybit users.
Bybit Web3 Wallet Integration
pSTAKE Finance's integration with the Bybit Web3 Wallet allows users to stake their BTC seamlessly while enjoying numerous benefits. Bybit's platform, with over 40 million users, offers a user-friendly interface for staking and swapping assets across various blockchain networks, including EVM and Mantle chains.
This integration enables Bybit users to stake their BTC directly through the #Bybit mobile app. By participating, users have the opportunity to share in 100,000 $PSTAKE tokens and earn 3x pSats (pSTAKE Points).
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Learn how to stake #BTC☀ on pSTAKE Finance using the Bybit Web3 Wallet here → i.bybit.com/ab1CCRS5
Additionally, Mikhil Pandey, Co-founder of pSTAKE Finance, emphasized that this partnership marks a pivotal moment for both the BTC ecosystem and the broader BitcoinFi landscape. Bybit users can also earn Babylon Points and pSats, which enhance their staking experience by reducing the burden of network fees. Additionally, users gain access to yBTC, a yield-bearing liquid staking derivative that allows them to earn additional DeFi yields.
Expansion to BNB Chain
In another significant development, pSTAKE Finance has also launched its Babylon-based Bitcoin Liquid Staking Token, $YBTC, on the BNB Chain. This expansion introduces $YBTC to the BNB Chain and will soon support deposits in the form of $BTCB, Binance’s wrapped Bitcoin. This initiative aims to bring more Bitcoin liquidity to the BNB Chain and further boost its BTCFi ecosystem.
By integrating $YBTC with BNB Chain, pSTAKE is leading innovation in the DeFi space, unlocking new opportunities for Bitcoin holders to maximize their staking rewards. Through pSTAKE’s protocols, Bitcoin holders can stake their native BTC and earn PoS staking rewards, all while benefiting from decentralized networks and increased accessibility to Bitcoin yields.
ABOUT pSTAKE Finance
pSTAKE Finance is a Bitcoin Yield and liquid staking protocol, backed by Binance Labs.
With pSTAKE Finance, you can liquid stake BTC to get rewards from Babylon's Trustless BTC staking for securing other app chains while maintaining your liquidity, powered by institutional custody providers like Cobo.
For more info, visit: → https://pstake.finance
