Binance-backed pSTAKE Finance launches Bitcoin liquid staking solution

📆 15/05/2024 15:17:00
📰 Cointelegraph

⏱ Reading Time:
28 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 51%

France Nouvelles Nouvelles

pSTAKE is among the most recent protocols making Bitcoin a yield-generating asset with more capital efficiency.

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:

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Beyond Banking Apps: How Embedded Finance Is Reshaping FinanceIvo Gueorguiev, co-founder at Paynetics. Read Ivo Gueorguiev's full executive profile here.
La source: ForbesTech - 🏆 318. / 59 Lire la suite »