Binance Labs-backed liquid staking protocol pStAKE Finance has unveiled its liquid staking solution for Bitcoin in the latest development for Bitcoin-native decentralized finance .
The launch of the liquid staking solution marks pSTAKE’s first endeavor into Bitcoin-native DeFi, after building its liquid staking protocol on Cosmos for the past three years.pSTAKE’s new solution is among many protocols aiming to make Bitcoin a yield–generating asset. According to pStake’s co-founder, the BTCFi industry is seeing the culmination of various promising products that make Bitcoin more capital-efficient. However, he believes that there’s still more development needed before BTCFi could match Ethereum-level DeFi. Pandey explained:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ForbesTech - 🏆 318. / 59 Read more »