pSTAKE is thrilled to announce a new partnership with ByBit Web3 Wallet, offering users a unique way to generate yield on their BTC assets through Bitcoin Liquid Staking and receive boosted points along the way.
With ByBit Web3 Wallet officially integrated into pSTAKE, millions of BTC holders can now deposit BTC directly from the wallet using the desktop extension or the official mobile wallet and get boosted pSat Points in the process.
The campaign is designed to make BTC Liquid Staking more accessible to everyday ByBit Web3 Wallet users. With a user-friendly liquid staking application from pSTAKE Finance, the process of depositing BTC for liquid staking is as simple as a few clicks. This simplicity ensures that pSTAKE Finance is leading the way in providing an enhanced Bitcoin staking user experience that generates yields.
To participate, users must connect their ByBit wallets to the pSTAKE Finance dashboard and deposit BTC. This process is simple and we’ve released a complete tutorial that breaks down each step, ensuring a smooth and easy participation process for all users.
Users must deposit a minimum of 0.005 BTC into the protocol. pSTAKE will also enforce an overall 150 BTC protocol deposit cap to ensure security.
Users can get two types of rewards in this campaign;
- 3x Boosted pSTAKE pSats for the pSTAKE SatDrop campaign.
- 100,000 PSTAKE tokens will be distributed among participants.
The pSTAKE SatDrop campaign is a Points Program in which participants complete on-chain and off-chain tasks to generate ‘pSats,’ which can be converted into $PSTAKE at the end of each season. The docs provide more information about the SatDrop campaign.
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 ByBit Web3 Wallet campaign closes. 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 protocol versions shortly after its launch.
Overall, pSTAKE is thrilled to be teaming up with a huge partner such as ByBit Web3 Wallet as we bring BTC yield to the masses through a user-friendly liquid staking 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.
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.
