📌How to play BTCfi? Stake PSTAKE to earn BTC

Backed by Binance Labs, the BTCfi project pStakeFinance, which has raised $20 million, will open staking channels at the end of the month, allowing users to stake PSTAKE to earn $BTC.

The BTC liquid staking protocol of pSTAKE is built on Babylon, enabling users to safely and easily obtain reliable BTC returns. Currently, the protocol's TVL has reached $14 million, accounting for the largest share in the BTCfi sector; the business model of "staking PSTAKE to earn $BTC" is a first in the industry, with the sustainability of staking rewards derived from protocol revenue.

From the perspective of token economics, PSTAKE has unlocked 97%, nearing full circulation, and its current market cap is less than $40M, which I personally feel is somewhat undervalued. If the logic of "BTC ATH = BTCfi ATH" holds, PSTAKE has good potential for growth. #BTC