Description
pSTAKE Finance is a liquid staking protocol within the Persistence One ecosystem that enables users to generate yield on their Bitcoin holdings. By leveraging Babylon's trustless BTC staking protocol, users can stake their BTC to secure app chains and receive a yield-bearing liquid staking token (LST) called yBTC, which can be used in the broader DeFi ecosystem. This process is non-custodial and relies on audited smart contracts. The platform aims to enhance Bitcoin's utility by making it a more active, cash-flow generating asset, with services launched on chains like Ethereum and Base. The native token, $PSTAKE, functions as the governance and incentivization token. While pSTAKE previously supported the Cosmos ecosystem, it has since deprecated its Cosmos liquid staking assets. The organization also focuses on Web3 R&D, exploring AI-native infrastructure and ZK proofs to innovate in the BTCfi space.