pSTAKE is delighted to join forces with Binance Web3 Wallet, offering BTC holders a convenient way to build a yield on their idle assets. With the Binance Web3 Wallet now integrated into pSTAKE Finance’s innovative Bitcoin Liquid Staking Solution, millions of users can effortlessly deposit BTC directly from the wallet interface.
With Binance Web3 Wallet now supported by pSTAKE, users can effortlessly connect their wallets to the pSTAKE dashboard through its dApp explorer. This allows them to securely deposit native BTC into pSTAKE and start earning a yield on their Bitcoin holdings while maintaining ownership of their liquidity.
That’s right. You can now deposit BTC straight into the pSTAKE BTC Liquid Staking solution from the Binance Web3 Wallet to generate a yield on your holdings.
Furthermore, pSTAKE is launching an exclusive campaign for Binance Web3 Wallet users, providing rewards for those utilizing the wallet to make BTC deposits. You can learn everything you need about this exclusive campaign here.
pSTAKE Partners With Binance to Bring BTC Yield to Users
pSTAKE is proud to support Binance Web3 Wallet as one of its supported wallets for its groundbreaking BTC Liquid Staking solution.
The Binance Web3 Wallet is designed with the user in mind, offering a seamless way to explore the world of Web3. Users can easily trade their favorite tokens across multiple blockchains and connect to the industry’s most popular dApps, all from the comfort of their wallets.
As the proprietary wallet from the world’s largest exchange, the Binance Web3 wallet is the perfect bridge between Binance CEX and the Web3 world. It lets users move assets across CeFi, DeFi, and Web3 with a single tap.
The Binance Web3 Wallet, a self-custody wallet, is powered by multi-party computation technology, ensuring unparalleled security with three separately stored ‘key shares’ without the need for a seed phrase. This trusted Web3 wallet is now available to the 150 million registered users on the Binance exchange, providing a secure self-custody environment for their assets.
pSTAKE Set to Bring BTC Yields to Hodlers
pSTAKE is on a mission to bring yields to BTC hodlers. The project has created an industry-shifting BTC Liquid Staking solution that allows holders to deposit their idle assets to generate a yield.
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. Best of all, depositors retain the liquidity of their BTC when depositing through the pSTAKE dashboard.
With V1 of the BTC liquid staking protocol live, users can now deposit BTC through the pSTAKE dashboard using the Binance Web3 Wallet, readying their BTC to earn yield in the coming weeks.
The first source of yield for BTC holders will come 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.
In addition, depositors will instantly start building pSats points for the upcoming SatsDrop campaign run by pSTAKE, accumulating pSats according to BTC deposit sizes.
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.
