According to Foresight News, the liquidity pledge protocol pSTAKE Finance launched a Bitcoin liquidity pledge solution on Babylon. The protocol has a deposit cap of 50 BTC to ensure the security of the protocol. Users can earn income on idle BTC while maintaining full liquidity. In addition, pSTAKE Finance plans to further enhance the user experience by launching the v2 version, which will launch the yBTC token on Ethereum. The token will provide an automatically compounded Bitcoin yield similar to the popular cToken model, and will be integrated into major DeFi ecosystems such as various blockchains, Ethereum L2, Bitcoin L2, etc.
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PSTAKE Finance Launches Bitcoin Liquidity Staking Solution on Babylon
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