pSTAKE is proud to announce a new campaign in partnership with Binance Web3 Wallet to bring its Bitcoin Liquid Staking solution.
With this fresh campaign, users will be able to utilize the pSTAKE BTC Liquid Staking solution seamlessly on the Binance Web3 Wallet and earn additional rewards as an incentive.
The campaign aims to make BTC liquid staking more accessible to everyday users through the user-friendly Binance Web3 Wallet interface.
The campaign simplifies the process for users, requiring them to deposit BTC into the pSTAKE Liquid Staking dashboard through the Binance Web3 Wallet. Simply head over to the Binance Web3 Wallet, navigate to the pSTAKE dashboard, and deposit BTC to start generating yield!
We’ve released a full tutorial breaking down each step along the way.
To participate, you must deposit a minimum of 0.005 BTC into the protocol. pSTAKE will also enforce an overall 50 BTC protocol deposit cap to ensure security. However, if the cap is reached during the campaign, pSTAKE will increase it specifically for Binance Web3 Wallet users.
Users can earn two types of rewards in this campaign;
- Boosted pSTAKE pSats for the pSTAKE SatDrop campaign.
- 100,000 PSTAKE tokens will be distributed among 500 users,
The pSats reward will be reflected instantly after the campaign launches, with rewards being accumulated depending on the BTC deposit size. The 100,000 PSTAKE prize will be distributed two weeks after the Binance Web3 Wallet campaign closes, and winners will be selected based on Award Selection Rules Based on Bitcoin Hash, ensuring a fair and equitable distribution.
Note: It’s important to mention that V1 of the pSTAKE Liquid Staking solution will only allow deposits. Withdrawals will be added to future versions of the protocol shortly after its launch.
If you have any questions, feel free to take a look at our in-depth FAQs for our Bitcoin Liquid Staking solution.
Overall, pSTAKE is beyond excited to launch this campaign with Binance Web3 Wallet, as we aim to promote BTCfi to the masses through a yield-generating solution for BTC holders.
About pSTAKE Finance:
pSTAKE Finance is a Bitcoin Yield and Liquid Staking protocol, backed by Binance Labs.
With pSTAKE Finance, users can liquid stake BTC to get rewards from Babylon’s Trustless BTC staking for securing other app chains while maintaining their liquidity, powered by institutional custody providers like Cobo.
Accessing Bitcoin yields should not be complex, risky, or unsafe. With four years of liquid staking expertise and expert-curated yield strategies, pSTAKE Finance helps individuals and institutions put their BTC to work in BTCfi.
pSTAKE Finance has partnered with leading blockchain security firms, such as Halborn, Hexens, Oak Security, Immunefi, Forta, and more, to offer a secure liquid staking product suite.
PSTAKE is the governance and incentivization token of the pSTAKE Finance protocol. It has some of the most prominent investors, including Binance Labs, DeFiance Capital, Spartan Group, Coinbase Ventures, and Kraken Ventures.
