pSTAKE Announcements
🚨 BREAKING: $PSTAKE Staking Cap of 1M $PSTAKE tokens is now full in less than 3 hours of launch on Base. Initially, a small Cap was set for security and gradual scaling. Further Seaons (every 2 weeks) will have much higher caps depending on total staked…
0.2% of the $PSTAKE supply is now staked and earning $BTC rewards.
Higher.
Higher.
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pSTAKE Announcements
🚨 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…
🚨 ICYMI, Bitcoin Unstaking and Withdrawal are now live on pSTAKE (for a limited time).
Certain product design choices were made to make the unstaking feature live as soon as possible.
=> Withdrawals are live on pSTAKE only until the upcoming launch of $YBTC (pSTAKE-issued Bitcoin LST).
Certain product design choices were made to make the unstaking feature live as soon as possible.
=> Withdrawals are live on pSTAKE only until the upcoming launch of $YBTC (pSTAKE-issued Bitcoin LST).
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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…
Perfect day to remind you that one of the best ways to Stack Sats is Stake $PSTAKE 🤝
Happy $BTC 100k day to everyone 🧡
Happy $BTC 100k day to everyone 🧡
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🚨 Important Update: Bitcoin Unstaking and Withdrawals on pSTAKE will be temporarily paused on 9 December 2024 for the $YBTC (pSTAKE-issued Bitcoin LST) launch.
Here’s everything you need to know 👇🏼
Tl;dr: $BTC withdrawals will be temporarily paused on 9 Dec 2024. YBTC will launch in Dec 2024. YBTC Unstaking (with a new withdrawal logic) is expected to go live again by Feb 2025.
1) Why were BTC Withdrawals enabled only for a limited time?
> Certain product design choices were made to make the withdrawal feature live as soon as possible, in line with community feedback.
> Hence, this feature was built to facilitate manual withdrawals for a limited time.
2) Why are Withdrawals being paused again?
> To facilitate a secure YBTC launch in the coming weeks.
> YBTC will be an ERC-20 token minted natively on the Ethereum Network. The overall Unstaking and Withdrawal mechanism must be updated to include YBTC burning.
> This means that YBTC cannot be launched with the current withdrawal mechanism in place.
> A newly developed Withdrawal logic will be added in a separate upgrade to minimize risk and uphold protocol security.
3) Wen YBTC launch?
> YBTC will be launched in December 2024 (tentatively). All users will receive YBTC 1:1 to their $BTC deposited directly in their wallet.
> An official update regarding the launch timeline will be shared next week.
4) When will YBTC Unstaking be (re)enabled?
> The (re)launch of YBTC Unstaking involves developing a new Withdrawal logic, audits, and testing before it can be shipped to Mainnet.
> While this remains a top priority, a conservative timeline estimation to launch YBTC Unstaking securely is February 2025.
5) Do I have to unstake?
> No, this is only valid for those users that wanted to unstake BTC, given overall market conditions.
> Your Bitcoin deposits in pSTAKE will continue to earn Babylon Points. If you have staked Bitcoin with pSTAKE, you can also stake $PSTAKE to earn pSats that can be converted into $BTC rewards directly.
> With the launch of YBTC, you can earn additional BTCfi yields through Restaking and Liquidity Farming soon.
Here’s everything you need to know 👇🏼
Tl;dr: $BTC withdrawals will be temporarily paused on 9 Dec 2024. YBTC will launch in Dec 2024. YBTC Unstaking (with a new withdrawal logic) is expected to go live again by Feb 2025.
1) Why were BTC Withdrawals enabled only for a limited time?
> Certain product design choices were made to make the withdrawal feature live as soon as possible, in line with community feedback.
> Hence, this feature was built to facilitate manual withdrawals for a limited time.
2) Why are Withdrawals being paused again?
> To facilitate a secure YBTC launch in the coming weeks.
> YBTC will be an ERC-20 token minted natively on the Ethereum Network. The overall Unstaking and Withdrawal mechanism must be updated to include YBTC burning.
> This means that YBTC cannot be launched with the current withdrawal mechanism in place.
> A newly developed Withdrawal logic will be added in a separate upgrade to minimize risk and uphold protocol security.
3) Wen YBTC launch?
> YBTC will be launched in December 2024 (tentatively). All users will receive YBTC 1:1 to their $BTC deposited directly in their wallet.
> An official update regarding the launch timeline will be shared next week.
4) When will YBTC Unstaking be (re)enabled?
> The (re)launch of YBTC Unstaking involves developing a new Withdrawal logic, audits, and testing before it can be shipped to Mainnet.
> While this remains a top priority, a conservative timeline estimation to launch YBTC Unstaking securely is February 2025.
5) Do I have to unstake?
> No, this is only valid for those users that wanted to unstake BTC, given overall market conditions.
> Your Bitcoin deposits in pSTAKE will continue to earn Babylon Points. If you have staked Bitcoin with pSTAKE, you can also stake $PSTAKE to earn pSats that can be converted into $BTC rewards directly.
> With the launch of YBTC, you can earn additional BTCfi yields through Restaking and Liquidity Farming soon.
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pSTAKE Announcements
🚨 Important Update: Bitcoin Unstaking and Withdrawals on pSTAKE will be temporarily paused on 9 December 2024 for the $YBTC (pSTAKE-issued Bitcoin LST) launch. Here’s everything you need to know 👇🏼 Tl;dr: $BTC withdrawals will be temporarily paused on 9…
🚨 Important Bitcoin Unstaking Issue Update:
pSTAKE contributors are aware of an “Authentication Failed” error received by users trying to unstake and withdraw BTC using the Binance Web3 Wallet.
Devs have identified a minor sync issue with the database and server, which is resulting in failing to fetch certain balances and/or wallet connect issues. Please note that all other protocol functions, wallets, and $PSTAKE staking features are working normally.
A secure and smooth User Experience is the biggest priority. Please be ensured that this is expected to be resolved in the coming hours.
BTC Unstaking is live on pSTAKE only until 9 Dec with a temporary pause later to launch YBTC securely. This means that users can perform the unstaking txn before 9 Dec. All unstake requests before that will be processed normally. In the event that the current issue takes longer than expected to fix, Unstaking may be kept live for a an extended time to faciliate all user requests.
Please note that the “Maturity Date” of successful unstake requests on the pSTAKE dashboard signifies when users will receive their BTC. This takes 10-11 days due to a fixed unstaking period put in place by Babylon.
pSTAKE contributors are aware of an “Authentication Failed” error received by users trying to unstake and withdraw BTC using the Binance Web3 Wallet.
Devs have identified a minor sync issue with the database and server, which is resulting in failing to fetch certain balances and/or wallet connect issues. Please note that all other protocol functions, wallets, and $PSTAKE staking features are working normally.
A secure and smooth User Experience is the biggest priority. Please be ensured that this is expected to be resolved in the coming hours.
BTC Unstaking is live on pSTAKE only until 9 Dec with a temporary pause later to launch YBTC securely. This means that users can perform the unstaking txn before 9 Dec. All unstake requests before that will be processed normally. In the event that the current issue takes longer than expected to fix, Unstaking may be kept live for a an extended time to faciliate all user requests.
Please note that the “Maturity Date” of successful unstake requests on the pSTAKE dashboard signifies when users will receive their BTC. This takes 10-11 days due to a fixed unstaking period put in place by Babylon.
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pSTAKE Announcements
🚨 Important Bitcoin Unstaking Issue Update: pSTAKE contributors are aware of an “Authentication Failed” error received by users trying to unstake and withdraw BTC using the Binance Web3 Wallet. Devs have identified a minor sync issue with the database and…
🚨Update on the Bitcoin Unstaking and Wallet Connect Issue
The “Authentication Failed” and “Wallet Connect” problem caused due to a database sync issue has now been securely resolved. Here are four key things to keep in mind:
1) Users can now connect any of the supported wallets and unstake their BTC if they wish to do so.
2) Previous unstake requests that were suppsoed to “mature” today will be fully processed by tomorrow (9 Dec). Users won’t have to perform any additional action/transaction. BTC will be received in their respective wallet address directly.
3) New Unstake requests sent on 7 Dec 2024 could not be processed while the functionality was temporarily down. All such users are urged to unstake their BTC again if they wish to do so.
4) pSTAKE contributors are currently evaluating a way to extend support for Withdrawals (previous deadline was 9 dec) to support and handle any pending/missed unstake requests. An official update will be shared in due time.
Thanks for the community’s support and patience throughout this time!
The “Authentication Failed” and “Wallet Connect” problem caused due to a database sync issue has now been securely resolved. Here are four key things to keep in mind:
1) Users can now connect any of the supported wallets and unstake their BTC if they wish to do so.
2) Previous unstake requests that were suppsoed to “mature” today will be fully processed by tomorrow (9 Dec). Users won’t have to perform any additional action/transaction. BTC will be received in their respective wallet address directly.
3) New Unstake requests sent on 7 Dec 2024 could not be processed while the functionality was temporarily down. All such users are urged to unstake their BTC again if they wish to do so.
4) pSTAKE contributors are currently evaluating a way to extend support for Withdrawals (previous deadline was 9 dec) to support and handle any pending/missed unstake requests. An official update will be shared in due time.
Thanks for the community’s support and patience throughout this time!
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pSTAKE Announcements
🚨Update on the Bitcoin Unstaking and Wallet Connect Issue The “Authentication Failed” and “Wallet Connect” problem caused due to a database sync issue has now been securely resolved. Here are four key things to keep in mind: 1) Users can now connect any…
🚨Update on Bitcoin Unstaking
1) The first batch of Withdrawals with “Maturity Date” as 8 Dec 2024 have been sucessfully processed. Users did not have to perform any additional transactions and the fee charged was minimal due to optimization by devs.
2) Withdrawals with “Maturity Date” as 9 Dec 2024 are expected to be processed in the coming hours. Please stay tuned.
3) After taking community feedback, Withdrawal support has been extended for an additional two days. The previous deadline to pause Withdrawals was 9 Dec 2024 in order to securely launch YBTC. This extension factors into account the recent issue faced by users and to handle any pending/missed unstake requests.
Withdrawals will now be paused on 11 Dec 2024. Any unstake requests before that will be successfully processed in 10-11 days as per the protocol unbonding period.
(If you unstake on 10 Dec 2024, you are expected to receive BTC between 20-21 Dec 2024).
Grateful to the community’s support, patience, and belief throughout this time!
1) The first batch of Withdrawals with “Maturity Date” as 8 Dec 2024 have been sucessfully processed. Users did not have to perform any additional transactions and the fee charged was minimal due to optimization by devs.
2) Withdrawals with “Maturity Date” as 9 Dec 2024 are expected to be processed in the coming hours. Please stay tuned.
3) After taking community feedback, Withdrawal support has been extended for an additional two days. The previous deadline to pause Withdrawals was 9 Dec 2024 in order to securely launch YBTC. This extension factors into account the recent issue faced by users and to handle any pending/missed unstake requests.
Withdrawals will now be paused on 11 Dec 2024. Any unstake requests before that will be successfully processed in 10-11 days as per the protocol unbonding period.
(If you unstake on 10 Dec 2024, you are expected to receive BTC between 20-21 Dec 2024).
Grateful to the community’s support, patience, and belief throughout this time!
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🚨JUST IN: $PSTAKE Staking Season 2 will go live on 13 Dec 2024 with a 10M Token Staking Cap.
Lock the PSTAKE token, participate in protocol and community activities, and use $YBTC in DeFi (soon) to earn $BTC 🤝
↔️ Get PSTAKE on Aerodrome on Base today to stay ahead before the launch this Friday 👉 https://aerodrome.finance/swap?from=0x833589fcd6edb6e08f4c7c32d4f71b54bda02913&to=0x38815a4455921667d673b4cb3d48f0383ee93400
ℹ️ Everything you need to know about $PSTAKE Staking 👉 https://x.com/pStakeFinance/status/1862136122048168268
Lock the PSTAKE token, participate in protocol and community activities, and use $YBTC in DeFi (soon) to earn $BTC 🤝
↔️ Get PSTAKE on Aerodrome on Base today to stay ahead before the launch this Friday 👉 https://aerodrome.finance/swap?from=0x833589fcd6edb6e08f4c7c32d4f71b54bda02913&to=0x38815a4455921667d673b4cb3d48f0383ee93400
ℹ️ Everything you need to know about $PSTAKE Staking 👉 https://x.com/pStakeFinance/status/1862136122048168268
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🚨 Update on Bitcoin Withdrawals, Fees, and Babylon Points
1) Bitcoin Withdrawals
a) BTC Withdrawals on pSTAKE were scheduled to pause temporarily to facilitate the secure launch of YBTC.
b) Considering recent community feedback and request for more transparency, Withdrawals will continue to be live until further notice.
2) Unstaking Mechanism
a) BTC Unstaking involves a fixed 7-day unbonding period set by Babylon. Additional 3-4 days are required on pSTAKE to batch unbonding requests to save fees.
b) Once a user unstakes their BTC, they will receive BTC directly into their wallet after 10-11 days, without having to perform any additional action.
c) Please note that it may take some time for BTC to be transferred once the “Maturity Date” is hit. This happens because all withdrawals are processed at a single time each day for fee optimization.
3) Fees
a) BTC Unstaking involves several steps (transactions): a) Send a unstake request to Babylon b) Get back BTC from Babylon c) Transfer BTC to user’s wallet.
b) All three transactions require Bitcoin Network fees that are processed from user deposits. Please note that pSTAKE had initially covered all fees associated to staking BTC into Babylon on user’s behalf.
c) By batch optimization of unstaking, pSTAKE was able to save its users significant fees compared to if they had unstaked from Babylon directly.
d) On average, users received ~ 99.125% of their initial BTC deposits back.
4) Babylon Points
a) pSTAKE will aim to optimize for the maximum possible Babylon Points received for BTC staked into Babylon.
b) Babylon Points will be distributed pro rata to all users to ensure fairness and inclusivity.
c) Following Babylon's Cap-3, pSTAKE will update its app UI.
d) This will showcase individual user balance that has been staked into Babylon and corresponding Babylon Points received.
1) Bitcoin Withdrawals
a) BTC Withdrawals on pSTAKE were scheduled to pause temporarily to facilitate the secure launch of YBTC.
b) Considering recent community feedback and request for more transparency, Withdrawals will continue to be live until further notice.
2) Unstaking Mechanism
a) BTC Unstaking involves a fixed 7-day unbonding period set by Babylon. Additional 3-4 days are required on pSTAKE to batch unbonding requests to save fees.
b) Once a user unstakes their BTC, they will receive BTC directly into their wallet after 10-11 days, without having to perform any additional action.
c) Please note that it may take some time for BTC to be transferred once the “Maturity Date” is hit. This happens because all withdrawals are processed at a single time each day for fee optimization.
3) Fees
a) BTC Unstaking involves several steps (transactions): a) Send a unstake request to Babylon b) Get back BTC from Babylon c) Transfer BTC to user’s wallet.
b) All three transactions require Bitcoin Network fees that are processed from user deposits. Please note that pSTAKE had initially covered all fees associated to staking BTC into Babylon on user’s behalf.
c) By batch optimization of unstaking, pSTAKE was able to save its users significant fees compared to if they had unstaked from Babylon directly.
d) On average, users received ~ 99.125% of their initial BTC deposits back.
4) Babylon Points
a) pSTAKE will aim to optimize for the maximum possible Babylon Points received for BTC staked into Babylon.
b) Babylon Points will be distributed pro rata to all users to ensure fairness and inclusivity.
c) Following Babylon's Cap-3, pSTAKE will update its app UI.
d) This will showcase individual user balance that has been staked into Babylon and corresponding Babylon Points received.
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pSTAKE Announcements
🚨JUST IN: $PSTAKE Staking Season 2 will go live on 13 Dec 2024 with a 10M Token Staking Cap. Lock the PSTAKE token, participate in protocol and community activities, and use $YBTC in DeFi (soon) to earn $BTC 🤝 ↔️ Get PSTAKE on Aerodrome on Base today to…
$PSTAKE Staking Season 2
🗓️ 13.12.2024 (Friday)
🕧 12:30 PM UTC
🪙 10M Tokens Max Cap
Get the PSTAKE token on Aerodrome on Base now to stay ahead 👉 https://aerodrome.finance/liquidity?query=PSTAKE
🗓️ 13.12.2024 (Friday)
🕧 12:30 PM UTC
🪙 10M Tokens Max Cap
Get the PSTAKE token on Aerodrome on Base now to stay ahead 👉 https://aerodrome.finance/liquidity?query=PSTAKE
aerodrome.finance
Aerodrome Finance: The central trading and liquidity marketplace on Base network.
Aerodrome Finance is a next-generation AMM that combines the best of Curve, Convex and Uniswap. Aerodrome NFTs vote on token emissions and receive incentives and fees generated by the protocol.
pSTAKE Announcements
$PSTAKE Staking Season 2 🗓️ 13.12.2024 (Friday) 🕧 12:30 PM UTC 🪙 10M Tokens Max Cap Get the PSTAKE token on Aerodrome on Base now to stay ahead 👉 https://aerodrome.finance/liquidity?query=PSTAKE
Ready to Stake $PSTAKE and Earn $BTC? 🤝
Get PSTAKE on Aerodrome on Base now to stay ahead 👉 https://aerodrome.finance/liquidity?query=PSTAKE
🕧 12:30 PM UTC
Get PSTAKE on Aerodrome on Base now to stay ahead 👉 https://aerodrome.finance/liquidity?query=PSTAKE
🕧 12:30 PM UTC
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pSTAKE Announcements
🚨JUST IN: $PSTAKE Staking Season 2 will go live on 13 Dec 2024 with a 10M Token Staking Cap. Lock the PSTAKE token, participate in protocol and community activities, and use $YBTC in DeFi (soon) to earn $BTC 🤝 ↔️ Get PSTAKE on Aerodrome on Base today to…
1 hour to go until $PSTAKE Staking Season 2 goes live on Base but I'm just a chill guy 😁
https://app.btc.pstake.finance/pstake/staking
https://app.btc.pstake.finance/pstake/staking
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🚨 JUST IN: $PSTAKE Staking Season 2 is now live on Base with a 10M Tokens Maximum Cap.
Participate in protocol and community activities to earn $BTC.
Stake $PSTAKE now 👉🏼 https://app.btc.pstake.finance/pstake/staking
ℹ️ Important Official Links
a) Get $PSTAKE on Aerodrome on Base 👉🏼 https://aerodrome.finance/liquidity?query=PSTAKE
b) $PSTAKE Staking User Guide 👉🏼 https://blog.pstake.finance/2024/11/28/how-to-stake-pstake-tokens-to-generate-btc-rewards/
Please also note that Season 1 Rewards are now live to claim (before 16 Dec) too 👉🏼 https://blog.pstake.finance/2024/12/13/how-to-claim-psats-from-pstake-finance/
Participate in protocol and community activities to earn $BTC.
Stake $PSTAKE now 👉🏼 https://app.btc.pstake.finance/pstake/staking
ℹ️ Important Official Links
a) Get $PSTAKE on Aerodrome on Base 👉🏼 https://aerodrome.finance/liquidity?query=PSTAKE
b) $PSTAKE Staking User Guide 👉🏼 https://blog.pstake.finance/2024/11/28/how-to-stake-pstake-tokens-to-generate-btc-rewards/
Please also note that Season 1 Rewards are now live to claim (before 16 Dec) too 👉🏼 https://blog.pstake.finance/2024/12/13/how-to-claim-psats-from-pstake-finance/
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🚨 Today is the last day to claim $PSTAKE Staking Season 1 Rewards.
Claim your $cbBTC now 👉🏼 https://app.btc.pstake.finance/pstake/staking
User Guide on "How to claim Rewards" 👉🏼 https://blog.pstake.finance/2024/12/13/how-to-claim-psats-from-pstake-finance/
Claim your $cbBTC now 👉🏼 https://app.btc.pstake.finance/pstake/staking
User Guide on "How to claim Rewards" 👉🏼 https://blog.pstake.finance/2024/12/13/how-to-claim-psats-from-pstake-finance/
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pSTAKE Announcements
🚨 Today is the last day to claim $PSTAKE Staking Season 1 Rewards. Claim your $cbBTC now 👉🏼 https://app.btc.pstake.finance/pstake/staking User Guide on "How to claim Rewards" 👉🏼 https://blog.pstake.finance/2024/12/13/how-to-claim-psats-from-pstake-finance/
🚨 REMINDER: $PSTAKE Staking Season 1 Rewards Claim ends at 12:30 PM UTC today, 16 Decemeber 2024.
Claim your $cbBTC now 👉🏼 https://app.btc.pstake.finance/pstake/staking
User Guide on "How to claim Rewards" 👉🏼 https://blog.pstake.finance/2024/12/13/how-to-claim-psats-from-pstake-finance/
Claim your $cbBTC now 👉🏼 https://app.btc.pstake.finance/pstake/staking
User Guide on "How to claim Rewards" 👉🏼 https://blog.pstake.finance/2024/12/13/how-to-claim-psats-from-pstake-finance/
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🚨JUST IN: $PSTAKE is the first BTCfi protocol live on #Binance Alpha.
Binance Alpha is a new platform within Binance Wallet that shines a spotlight on high-growth potential crypto projects.
Since the very beginning, pSTAKE has always focused on making crypto assets more productive in DeFi.
Here’s to the pSTAKE community and a ₿ig 2025—the year of BTCfi and $PSTAKE🤝
Binance Alpha is a new platform within Binance Wallet that shines a spotlight on high-growth potential crypto projects.
Since the very beginning, pSTAKE has always focused on making crypto assets more productive in DeFi.
Here’s to the pSTAKE community and a ₿ig 2025—the year of BTCfi and $PSTAKE🤝
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Bitcoin 🤜🏼 Base 🤛🏼 BTCfi
Season 3 of "Stake $PSTAKE, earn $cbBTC" goes live on the Base L2 on 27 Dec 2024 at 12:30 PM UTC.
Ready? 🤝🏼
ℹ️ Important Official Links
a) Get $PSTAKE on Aerodrome on Base 👉🏼 https://aerodrome.finance/liquidity?query=PSTAKE
b) $PSTAKE Staking User Guide 👉🏼 https://blog.pstake.finance/2024/11/28/how-to-stake-pstake-tokens-to-generate-btc-rewards/
Season 3 of "Stake $PSTAKE, earn $cbBTC" goes live on the Base L2 on 27 Dec 2024 at 12:30 PM UTC.
Ready? 🤝🏼
ℹ️ Important Official Links
a) Get $PSTAKE on Aerodrome on Base 👉🏼 https://aerodrome.finance/liquidity?query=PSTAKE
b) $PSTAKE Staking User Guide 👉🏼 https://blog.pstake.finance/2024/11/28/how-to-stake-pstake-tokens-to-generate-btc-rewards/
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