pSTAKE is proud to announce that it’s integrated the OKX Wallet into its Bitcoin Liquid Staking solution.
With the seamless integration of OKX, the OKX Web3 community can now effortlessly connect their OKX Wallet to the pSTAKE dashboard. This allows them to deposit BTC 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 OKX Wallet to start generating a yield on your holdings.
pSTAKE Integrates the Portal to Web3 Into Its Dashboard With OKX
With over 70 blockchain networks integrated into its wallet, OKX Wallet is described as your portal to Web3. The wallet provides a holistic overview of all your digital assets, portfolio performance, and transaction history right from its dashboard, and the yield generated through pSTAKE on BTC will soon be displayed too!
The OKX Wallet, known for its user-friendly interface, serves as a gateway to the on-chain world. It provides access to over 10,000 dApps across 300,000 tokens, making it a trusted platform for more than 50 million global users in the Web3 space.
With pSTAKE now supporting OKX Wallet, users can easily connect the wallet to the pSTAKE dashboard and deposit BTC.
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 OKX 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.
