pSTAKE is thrilled to announce that it now supports Ledger in its Bitcoin Liquid Staking solution.
With Ledger now supported by pSTAKE, users can effortlessly connect their Ledger wallets 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 Ledger Wallet to start generating a yield on your holdings.
pSTAKE Integrates Ledger for BTC Liquid Staking Solution
pSTAKE is thrilled to have Ledger as an option for its BTC Liquid Staking dApp. With Ledger now supported, users can easily connect their Ledger wallets to the pSTAKE dashboard and deposit BTC to generate a yield.
Ledger is described as the world leader in digital asset security for consumers and enterprise clients. It offers both software and hardware wallets, with more than 6 million devices sold across 180 countries. According to Ledger, more than 20% of the world’s crypto assets are secured using its hardware wallet.
The platform allows users to buy, exchange, and manage over 5,500 coins and tokens through its ecosystem. It also has a Ledger Live companion application, allowing users to seamlessly connect their hardware wallets to thousands of dApps, with pSTAKE Finance being a new addition!
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 Ledger 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.
