pSTAKE Finance is thrilled to unveil the exclusive SatDrop campaign, a unique initiative crafted to bestow additional rewards upon those who choose to deposit BTC through pSTAKE Finance’s liquid staking solution.
With the SatDrop Campaign now live, users can start building their pSats Points through each season and climb the leaderboard for more yield on their BTC.
What is the SatDrop Campaign?
The SatDrop campaign is a points program that allows BTC depositors to build up rewards over time, which they can convert into $PSTAKE tokens.
The campaign requires users to complete on-chain and off-chain tasks to recieve pSats Points that can be converted to $PSTAKE tokens at the end of each season.
SatDrop stands out from other points programs with its unwavering commitment to transparency. It empowers users with the ability to accurately predict the rewards they can receive, and the total rewards for each season will be openly displayed to everyone from the start of the campaign.
Season 1 starts today and will last for three months!
How Do Users Build More Points?
Users build points every time they complete the assigned tasks. Those who complete specific tasks regularly can hit streaks, which provide badges and more points.
It doesn’t stop there.
There’s also a multiplier effect that allows users to multiply their points earned depending on which division they are in on the leaderboard. As users build points, they rank in higher divisions on the leaderboard, providing a higher multiplier.
With the multiplier, the number of points earned for each task is calculated as follows:
Points Earned = Points (for particular task) * Individual User Multiplier
And don’t forget, you can also boost your points through referrals. It’s a simple way to build more points and share the benefits with your network.
For more information about the SatDrop Campaign, take a look at the official docs here.
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.
