Introducing YBTC, the yield-optimized Bitcoin token on Babylon.
Individuals, institutions, L1 chains, L2 ecosystems, and more can leverage YBTC to solve their yield and liquidity problems 🤝🏼
YBTC differentiates itself with a dedicated focus on:
🪙 Yield Opportunities
🔒 Minimizing Risk
🌐 Interoperability
Learn more about YBTC yields and launch timelines 👉🏼 https://x.com/pStakeFinance/status/1846944134965129220
Individuals, institutions, L1 chains, L2 ecosystems, and more can leverage YBTC to solve their yield and liquidity problems 🤝🏼
YBTC differentiates itself with a dedicated focus on:
🪙 Yield Opportunities
🔒 Minimizing Risk
🌐 Interoperability
Learn more about YBTC yields and launch timelines 👉🏼 https://x.com/pStakeFinance/status/1846944134965129220
👏1
pSTAKE has the highest mindshare in the emerging BTCfi ecosystem, according to Kaito 😁
👉🏼 https://x.com/_kaitoai/status/1847285371714908434?
👉🏼 https://x.com/_kaitoai/status/1847285371714908434?
🔥4👍1
🚨 JUST IN: pSTAKE is bringing Bitcoin Staking yields on Babylon to Bitget Wallet.
Bitget's 20M+ users can now stake native $BTC with pSTAKE.
Complete tasks between Oct 28 to Nov 28 and share 100,000 $PSTAKE token rewards.
Get started now 👉🏼 bitgetwallet.onelink.me/6Vx1/0n183o5v
Bitget's 20M+ users can now stake native $BTC with pSTAKE.
Complete tasks between Oct 28 to Nov 28 and share 100,000 $PSTAKE token rewards.
Get started now 👉🏼 bitgetwallet.onelink.me/6Vx1/0n183o5v
🔥4
PSTAKE token is now live on Sui powered by Wormhole.
With $1B+ TVL and 31M+ accounts, Sui is moving the Web3 landscape with the ease of Web2.
Wormhole has been the canonical way to transfer to Sui’s growing gaming, commerce, and DeFi ecosystem.
PSTAKE transfers are now live via Portal bridge.
🔗 https://x.com/pStakeFinance/status/1851551195719934157
With $1B+ TVL and 31M+ accounts, Sui is moving the Web3 landscape with the ease of Web2.
Wormhole has been the canonical way to transfer to Sui’s growing gaming, commerce, and DeFi ecosystem.
PSTAKE transfers are now live via Portal bridge.
🔗 https://x.com/pStakeFinance/status/1851551195719934157
🔥13❤2👍1👏1
pSTAKE Announcements
PSTAKE token is now live on Sui powered by Wormhole. With $1B+ TVL and 31M+ accounts, Sui is moving the Web3 landscape with the ease of Web2. Wormhole has been the canonical way to transfer to Sui’s growing gaming, commerce, and DeFi ecosystem. PSTAKE…
ICYMI $PSTAKE trading is live on Cetus, the biggest DEX on Sui Network, powered by Wormhole 🤝
Here's a handy guide on setting up a Sui Wallet and bridging $PSTAKE (from Ethereum) using the Portal Bridge 👉 https://blog.pstake.finance/2024/10/31/how-to-bridge-pstake-to-sui-chain-full-user-guide/
Here's a handy guide on setting up a Sui Wallet and bridging $PSTAKE (from Ethereum) using the Portal Bridge 👉 https://blog.pstake.finance/2024/10/31/how-to-bridge-pstake-to-sui-chain-full-user-guide/
🔥3❤2
Arcanum Capital has proposed a major update in the $PSTAKE token utility with a staking/locking functionality that generates yield in $BTC and/or other BTCfi tokens.
The core idea of this suggested significant change is "Stake $PSTAKE, Earn $BTC".
Head to the pSTAKE forum to discuss: https://forum.pstake.finance/t/add-staking-utility-to-the-pstake-token-to-earn-yield-in-btc/842
More 👉 https://x.com/pStakeFinance/status/1856952033787744632
The core idea of this suggested significant change is "Stake $PSTAKE, Earn $BTC".
Head to the pSTAKE forum to discuss: https://forum.pstake.finance/t/add-staking-utility-to-the-pstake-token-to-earn-yield-in-btc/842
More 👉 https://x.com/pStakeFinance/status/1856952033787744632
👍5❤1🥰1
🗳 New $PSTAKE governance proposal
"Launch token utility mechanism to stake $PSTAKE and earn $BTC" is now live on the pSTAKE Snapshot.
Vote before 28 Nov 2024 👉 https://snapshot.org/#/pstakefinance.eth/proposal/0xec97f81bee33f62190d84e984f688e122f956edc8e0c5ed0499febfcf01b3468
"Launch token utility mechanism to stake $PSTAKE and earn $BTC" is now live on the pSTAKE Snapshot.
Vote before 28 Nov 2024 👉 https://snapshot.org/#/pstakefinance.eth/proposal/0xec97f81bee33f62190d84e984f688e122f956edc8e0c5ed0499febfcf01b3468
🥰2
pSTAKE is bringing Bitcoin Staking yields on Babylon to Bitget Wallet.
Bitget's 20M+ users can now stake native $BTC with pSTAKE.
With Babylon Cap3 about to start, the event time is now extended.
🗓 New event deadline: Dec 17, 18:00 (UTC+8)
What’s in it for you?
👉 Bitget’s 20M+ users can stake native $BTC with pSTAKE.
👉 Complete tasks and share 100,000 $PSTAKE token rewards!
Get started now 👉 bitgetwallet.onelink.me/6Vx1/0n183o5v
Bitget's 20M+ users can now stake native $BTC with pSTAKE.
With Babylon Cap3 about to start, the event time is now extended.
🗓 New event deadline: Dec 17, 18:00 (UTC+8)
What’s in it for you?
👉 Bitget’s 20M+ users can stake native $BTC with pSTAKE.
👉 Complete tasks and share 100,000 $PSTAKE token rewards!
Get started now 👉 bitgetwallet.onelink.me/6Vx1/0n183o5v
pSTAKE Announcements
🗳 New $PSTAKE governance proposal "Launch token utility mechanism to stake $PSTAKE and earn $BTC" is now live on the pSTAKE Snapshot. Vote before 28 Nov 2024 👉 https://snapshot.org/#/pstakefinance.eth/proposal/0xec97f81bee33f62190d84e984f688e122f956edc8…
Stake $PSTAKE, Earn $BTC
Coming soon! 👀
Coming soon! 👀
🔥5
🚨 Important Update: Unstaking and Withdrawals of Bitcoin are now live on @pStakeFinance.
Here’s everything you need to know about the unstaking time, associated fees, withdrawal availability, and Babylon Points 👇🏼
Unstaking Time
> BTC unstaking on pSTAKE will take up to 11 days.
> This includes Babylon’s fixed 7-day unstaking period and a 4-day buffer for optimizing fees on the Bitcoin Network.
Associated Fees
> There will be fees charged on three different transactions for unstaking BTC.
> This includes transactions to unstake on Babylon, withdraw BTC from Babylon, and send BTC back to users.
> All fees will be deducted from the user’s withdrawn BTC amount.
Withdrawal Availability
> Certain product design choices were made to make the withdrawal feature live as soon as possible, in line with community feedback.
> This means that Bitcoin Unstaking and Withdrawals will be live on pSTAKE only until the launch of $YBTC (pSTAKE-issued Bitcoin LST).
> To give all users sufficient time to withdraw BTC (should they choose to), the YBTC launch will have to be delayed by some time. More info coming soon.
Babylon Points
> User’s Babylon Points (at the time of withdrawal) will be stored to give them the related rewards once/if Babylon values these points.
> If you withdraw Bitcoin deposited into pSTAKE, there is no guarantee how that affects your accumulated Babylon Points. The handling of these points is entirely dependent on Babylon’s defined mechanism.
Here’s everything you need to know about the unstaking time, associated fees, withdrawal availability, and Babylon Points 👇🏼
Unstaking Time
> BTC unstaking on pSTAKE will take up to 11 days.
> This includes Babylon’s fixed 7-day unstaking period and a 4-day buffer for optimizing fees on the Bitcoin Network.
Associated Fees
> There will be fees charged on three different transactions for unstaking BTC.
> This includes transactions to unstake on Babylon, withdraw BTC from Babylon, and send BTC back to users.
> All fees will be deducted from the user’s withdrawn BTC amount.
Withdrawal Availability
> Certain product design choices were made to make the withdrawal feature live as soon as possible, in line with community feedback.
> This means that Bitcoin Unstaking and Withdrawals will be live on pSTAKE only until the launch of $YBTC (pSTAKE-issued Bitcoin LST).
> To give all users sufficient time to withdraw BTC (should they choose to), the YBTC launch will have to be delayed by some time. More info coming soon.
Babylon Points
> User’s Babylon Points (at the time of withdrawal) will be stored to give them the related rewards once/if Babylon values these points.
> If you withdraw Bitcoin deposited into pSTAKE, there is no guarantee how that affects your accumulated Babylon Points. The handling of these points is entirely dependent on Babylon’s defined mechanism.
🔥8👍2🤔1
$PSTAKE Staking is launching on Base today!
Here’s everything you need to know about this HUGE change coming to BTCfi for the first time ever 👇🏼
1) What is $PSTAKE staking?
> A brand new way to lock the $PSTAKE token, participate in protocol and community activities, and earn $BTC.
2) What are some terms I should know before getting started?
> Season: 2-week period to lock $PSTAKE tokens.
> pSats: pSTAKE Points received upon staking $PSTAKE that can be converted into $BTC at the end of every Season.
> Staking Cap: Maximum amount of $PSTAKE tokens that can be staked in a particular Season.
3) Where can $PSTAKE be staked?
> All staking and unstaking actions happen on @base and can be executed anytime.
> Before staking, participants need to bridge $PSTAKE tokens to Base using Superbridge 👉🏼 https://blog.pstake.finance/2024/05/16/how-to-bridge-pstake-to-base-chain-user-guide/
4) How are $BTC rewards distributed?
> Rewards start getting accrued as soon as $PSTAKE is staked.
> Rewards are distributed in tokens like $cbBTC or $YBTC every two weeks when a Season ends.
> Participants have to 'Claim' their rewards within 3 days after a Season ends.
5) What happens if I unstake $PSTAKE during a Season?
> Unstaking at any time during a season forfeits all accumulated rewards.
> Multiple Snapshots are taken randomly during a Season.
6) Do I need to stake every time a new Season starts?
> No. If you stake in Season 1, you will automatically remain staked for Season 2 when it starts.
7) How are pSats (rewards) distributed in a Season?
> 80% of pSats go to all users staking $PSTAKE tokens.
> 20% of pSats go to $PSTAKE Stakers that ALSO hold 0.05 $YBTC or more.
8) Are there any extra fees?
> There are no fees for staking $PSTAKE.
> Some network fees are incurred when claiming $cbBTC rewards on Base.
9) Where do Bitcoin Rewards come from?
> Initially, rewards will come from the protocol treasury to bootstrap the $PSTAKE staking use case.
> Over time, rewards will be subsidized by protocol revenue generated by Bitcoin Liquid Staking yields.
10) Wen launch?
> 28 November 2024
11) How to get started with $PSTAKE Staking?
> Bridge $PSTAKE to Base → https://blog.pstake.finance/2024/05/16/how-to-bridge-pstake-to-base-chain-user-guide/
> Head to the pSTAKE app → https://app.btc.pstake.finance/pstake/staking
> Follow $PSTAKE Staking user guide → https://blog.pstake.finance/2024/11/28/how-to-stake-pstake-tokens-to-generate-btc-rewards/
Here’s everything you need to know about this HUGE change coming to BTCfi for the first time ever 👇🏼
1) What is $PSTAKE staking?
> A brand new way to lock the $PSTAKE token, participate in protocol and community activities, and earn $BTC.
2) What are some terms I should know before getting started?
> Season: 2-week period to lock $PSTAKE tokens.
> pSats: pSTAKE Points received upon staking $PSTAKE that can be converted into $BTC at the end of every Season.
> Staking Cap: Maximum amount of $PSTAKE tokens that can be staked in a particular Season.
3) Where can $PSTAKE be staked?
> All staking and unstaking actions happen on @base and can be executed anytime.
> Before staking, participants need to bridge $PSTAKE tokens to Base using Superbridge 👉🏼 https://blog.pstake.finance/2024/05/16/how-to-bridge-pstake-to-base-chain-user-guide/
4) How are $BTC rewards distributed?
> Rewards start getting accrued as soon as $PSTAKE is staked.
> Rewards are distributed in tokens like $cbBTC or $YBTC every two weeks when a Season ends.
> Participants have to 'Claim' their rewards within 3 days after a Season ends.
5) What happens if I unstake $PSTAKE during a Season?
> Unstaking at any time during a season forfeits all accumulated rewards.
> Multiple Snapshots are taken randomly during a Season.
6) Do I need to stake every time a new Season starts?
> No. If you stake in Season 1, you will automatically remain staked for Season 2 when it starts.
7) How are pSats (rewards) distributed in a Season?
> 80% of pSats go to all users staking $PSTAKE tokens.
> 20% of pSats go to $PSTAKE Stakers that ALSO hold 0.05 $YBTC or more.
8) Are there any extra fees?
> There are no fees for staking $PSTAKE.
> Some network fees are incurred when claiming $cbBTC rewards on Base.
9) Where do Bitcoin Rewards come from?
> Initially, rewards will come from the protocol treasury to bootstrap the $PSTAKE staking use case.
> Over time, rewards will be subsidized by protocol revenue generated by Bitcoin Liquid Staking yields.
10) Wen launch?
> 28 November 2024
11) How to get started with $PSTAKE Staking?
> Bridge $PSTAKE to Base → https://blog.pstake.finance/2024/05/16/how-to-bridge-pstake-to-base-chain-user-guide/
> Head to the pSTAKE app → https://app.btc.pstake.finance/pstake/staking
> Follow $PSTAKE Staking user guide → https://blog.pstake.finance/2024/11/28/how-to-stake-pstake-tokens-to-generate-btc-rewards/
🔥5👍2
pSTAKE Announcements
🚨 JUST IN: $PSTAKE Staking is launching on Base on 28 November 2024. A brand new way to lock the $PSTAKE token, participate in protocol and community activities, and earn $BTC is coming TOMORROW. Ready? 🤝
ICYMI $PSTAKE staking is launching on Base later today!⏳
At launch, the Staking Cap (maximum amount of tokens that can be staked in a particular Season) will be 1M $PSTAKE tokens.
Stay ahead and bridge $PSTAKE to Base using Superbridge now 👉 https://superbridge.app/
At launch, the Staking Cap (maximum amount of tokens that can be staked in a particular Season) will be 1M $PSTAKE tokens.
Stay ahead and bridge $PSTAKE to Base using Superbridge now 👉 https://superbridge.app/
superbridge.app
Bridge and swap ETH, SOL, USDC and more across your favourite chains
🔥6
pSTAKE Announcements
🚨 JUST IN: $PSTAKE Staking is launching on Base on 28 November 2024. A brand new way to lock the $PSTAKE token, participate in protocol and community activities, and earn $BTC is coming TOMORROW. Ready? 🤝
$PSTAKE Staking Launch Update
1) We’re looking at a launch around ~9 PM PST today (28 Nov). Devs have been working on the last stretch of testing and fixes on Base that's taking a bit longer than expected to launch securely!
2) $PSTAKE Staking Docs are already live 👉 https://docs.pstake.finance/
3) At launch, the Staking Cap (maximum amount of tokens that can be staked in a particular Season) will be 1M $PSTAKE tokens
4) Stay ahead and bridge $PSTAKE to Base using Superbridge now 👉 https://superbridge.app/
1) We’re looking at a launch around ~9 PM PST today (28 Nov). Devs have been working on the last stretch of testing and fixes on Base that's taking a bit longer than expected to launch securely!
2) $PSTAKE Staking Docs are already live 👉 https://docs.pstake.finance/
3) At launch, the Staking Cap (maximum amount of tokens that can be staked in a particular Season) will be 1M $PSTAKE tokens
4) Stay ahead and bridge $PSTAKE to Base using Superbridge now 👉 https://superbridge.app/
docs.pstake.finance
Introduction | PSTAKE DOCS
👍2
pSTAKE Announcements
$PSTAKE Staking Launch Update 1) We’re looking at a launch around ~9 PM PST today (28 Nov). Devs have been working on the last stretch of testing and fixes on Base that's taking a bit longer than expected to launch securely! 2) $PSTAKE Staking Docs are already…
Just deployed $PSTAKE staking successfully on Base mainnet 😎
Public launch imminent! ⌛️
Public launch imminent! ⌛️
🔥5
🚨 JUST IN: $PSTAKE staking is now live on Base.
Lock the $PSTAKE token, participate in protocol and community activities, and use $YBTC in DeFi (soon) to earn $BTC.
A paradigm shift in BTCfi is here.
The Staking Cap (maximum amount of tokens that can be staked in a particular Season) is 1M $PSTAKE tokens.
Stake $PSTAKE now 👉🏼 https://app.btc.pstake.finance/pstake/staking
ℹ️ Important Official Links
a) Bridge $PSTAKE to Base using Superbridge 👉🏼 https://superbridge.app/base?lang=en
b) Get $PSTAKE on Aerodrome on Base 👉🏼 https://aerodrome.finance/swap?from=0x833589fcd6edb6e08f4c7c32d4f71b54bda02913&to=0x38815a4455921667d673b4cb3d48f0383ee93400
c) $PSTAKE Staking User Guide 👉🏼 https://blog.pstake.finance/2024/11/28/how-to-stake-pstake-tokens-to-generate-btc-rewards/
d) $PSTAKE Staking docs 👉🏼 https://docs.pstake.finance/
Lock the $PSTAKE token, participate in protocol and community activities, and use $YBTC in DeFi (soon) to earn $BTC.
A paradigm shift in BTCfi is here.
The Staking Cap (maximum amount of tokens that can be staked in a particular Season) is 1M $PSTAKE tokens.
Stake $PSTAKE now 👉🏼 https://app.btc.pstake.finance/pstake/staking
ℹ️ Important Official Links
a) Bridge $PSTAKE to Base using Superbridge 👉🏼 https://superbridge.app/base?lang=en
b) Get $PSTAKE on Aerodrome on Base 👉🏼 https://aerodrome.finance/swap?from=0x833589fcd6edb6e08f4c7c32d4f71b54bda02913&to=0x38815a4455921667d673b4cb3d48f0383ee93400
c) $PSTAKE Staking User Guide 👉🏼 https://blog.pstake.finance/2024/11/28/how-to-stake-pstake-tokens-to-generate-btc-rewards/
d) $PSTAKE Staking docs 👉🏼 https://docs.pstake.finance/
🔥3👍1
pSTAKE Announcements
🚨 JUST IN: $PSTAKE staking is now live on Base. Lock the $PSTAKE token, participate in protocol and community activities, and use $YBTC in DeFi (soon) to earn $BTC. A paradigm shift in BTCfi is here. The Staking Cap (maximum amount of tokens that can be…
~81% of the 1M $PSTAKE Staking Cap is already filled! 😮
Stake $PSTAKE on Base now 👉 app.btc.pstake.finance/pstake/staking
Stake $PSTAKE on Base now 👉 app.btc.pstake.finance/pstake/staking
🔥8