According to TechFlow, the liquidity pledge protocol pSTAKE Finance announced that it will launch a Bitcoin liquidity pledge service on July 29. The service is built on the Babylon chain, and the initial deposit limit is set at 50 Bitcoins (BTC).

pSTAKE Finance emphasized that this service was built by Bitcoin enthusiasts for Bitcoin. The service will be officially launched at 6 pm Beijing time on July 29 (UTC 10:00).