pSTAKE Finance is thrilled to support another high-profile wallet on its Bitcoin Liquid Staking solution in the form of Leather Bitcoin Wallet.
With Leather Bitcoin Wallet now integrated into pSTAKE, users can effortlessly connect their wallets to the pSTAKE dashboard and deposit native BTC to generate a yield on their assets while maintaining ownership of their liquidity through yBTC.
pSTAKE Finance has already attracted well over 50 BTC in deposits to generate yield for holders, and the new Leather wallet integration will allow more users to participate.
pSTAKE Integrates Leather Bitcoin Wallet for BTC Liquid Staking
pSTAKE is excited to be supporting Leather Bitcoin Wallet in its groundbreaking BTC Liquid Staking solution.
Leather Bitcoin Wallet is a Bitcoin-focused cryptocurrency wallet that lets users manage their Bitcoin-related assets. Described as “the Bitcoin wallet for the rest of us”, Leather allows users to tap into the multilayered Bitcoin economy.
The wallet is a highly popular solution for Bitcoin enthusiasts due to its comprehensive support of BTCfi products. BTCfi products refer to financial products and services that are built on top of the Bitcoin network, such as BTC, Ordinals, Stamps, BRC-20 tokens, Stacks NFTs, and other assets secured by Bitcoin. Leather Bitcoin Wallet’s support for these products makes it a versatile and valuable tool for anyone involved in the Bitcoin economy.
Best of all, the non-custodial wallet is fully 100% open-source and audited by Least Authority, a professional security firm in Web3.
With over 750,000 wallet downloads, Leather Bitcoin Wallet is clearly a rising force in the BTCfi space, making it the perfect integration for pSTAKE Finance’s BTC Liquid Staking Solution.
pSTAKE Already Generating Yields for BTC Holders
pSTAKE Finance is already generating yields for BTC holders. With 50 BTC deposited by users and 10 BTC deposited into Babylon’s security-sharing infrastructure, users that have deposited BTC into the first pSTAKE deposit cap are now generating a yield on their assets.
The liquid staking solution is groundbreaking as it can turn BTC’s value proposition from a simple store of value to a yield-generating asset. This innovative approach not only increases the value of your BTC but also allows you to retain its liquidity through the yBTC yield-bearing token when depositing through the pSTAKE dashboard.
The first source of yield for BTC holders is generated through a collaboration between pSTAKE and Babylon Finance, a security-sharing protocol. Babylon has devised a route to turn BTC into a slashable asset, allowing it to be used as economic security on proof-of-stake protocols. Once staked, the BTC generates a yield for depositors, which will be transferred back to users through the yield-generating yBTC token in upcoming versions of the pSTAKE Liquid Staking solution.
Alongside the yield received through Babylon, pSTAKE depositors also generate pSats Points in the SatDrop program, which can be converted into PSTAKE tokens at the end of each season.
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.
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.
