With the Bitcoin-centric UniSat wallet now integrated into pSTAKE Finance, UniSat users can now easily stake their BTC on pSTAKE Finance’s BTC Liquid Staking solution to start generating a yield on their BTC.
This tutorial will guide you through installing the UniSat wallet, setting it up, and depositing BTC for liquid staking.
If you have any questions, feel free to review our in-depth FAQs about our Bitcoin Liquid Staking solution.
Part 1: Installing UniSat Wallet and Setting it Up
This part of the tutorial will guide you through the simple process of installing the UniSat wallet and setting it up, ensuring you can easily connect to pSTAKE Finance.
UniSat Wallet is described as the home for your Bitcoin assets. It allows users to easily tap into the growing BTCFi ecosystem to trade, inscribe, and manage Bitcoin assets. With BTCFi on the rise, users are actively looking for the best wallets to hold their Bitcoin NFTs, and UniSat is one of the leading venues. To learn more about the wallet, take a look at this article.
UniSat wallet can be installed on both desktop and mobile. For the purpose of this tutorial, we will install the UniSat Wallet Chrome extension.
Let’s get started with the tutorial.
- Head over to the following URL and click “Download Chrome Extension”:
- On the next page, hit “Add to Chrome” to install:
- A notification will appear, click “Add Extension”:
- Once installed, you will be directed to set up the wallet. Click “Create New Wallet”:
- Set a strong password and hit “Continue”:
- The following screen will show you your seed recovery page. Be sure to write this seed phrase down (on paper) and store it safely to keep your crypto secure. Once logged, hit the checkbox and click continue:
- A screen will appear asking you to select your wallet type. For this tutorial, we will choose “Native Segwit.” However, a Taproot wallet type is also compatible with pSTAKE Finance.
That’s all there is to it. You have now installed and set up a UniSat wallet. The next step is to deposit BTC into the wallet so it’s ready to be deposited into pSTAKE Finance.
Part 2: Connecting UniSat Wallet to pSTAKE Finance
Once the wallet is set up and loaded with BTC, the next step is to connect it to the pSTAKE Finance dashboard.
- Navigate to the following URL and click “Connect”:
https://app.btc.pstake.finance
- Be sure to accept the “Terms and Conditions”:
- Select “UniSat” during the wallet selection on the following page:
- A UniSat wallet notification will appear, requesting you to “Connect with UniSat Wallet.” Hit “Connect”:
- Another notification will appear asking you to sign the request. Hit “Sign”:
That’s all there is to it. You will have now connected your UniSat wallet to the pSTAKE Finance Dashboard. You should see your wallet address connected in the top-right-hand corner:
Part 3: Depositing BTC for Liquid Staking Using UniSat Wallet
Now that we’ve set up the wallet, loaded it with BTC, and connected it to pSTAKE Finance, it’s time to deposit some BTC to generate yield.
To do this, we will use the deposit dashboard on pSTAKE Finance:
- Using the dashboard, enter your desired BTC deposit and hit “Deposit”:
- An important notice will appear. Please read the notice and hit “I Understand”:
- A UniSat wallet notification will appear, asking you to confirm the deposit. If you are happy to go ahead with the deposit, hit “Sign and Pay”:
NOTE: There will be a Bitcoin network transaction fee for this operation.
That’s all there is to it. After four confirmations, your BTC deposit will be reflected on the pSTAKE Finance dashboard, and you will have successfully deposited BTC for liquid staking to generate rewards.
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.
