pSTAKE Finance launches Bitcoin liquidity staking solution on Babylon

Foresight News reported that the liquidity staking protocol $pSTAKE Finance has launched a Bitcoin liquidity staking solution on Babylon. The protocol has set a deposit limit of 50 $BTC to ensure protocol security. Users can earn profits by holding idle $BTC while maintaining full liquidity. Additionally, $pSTAKE Finance plans to enhance user experience by introducing the v2 version, which will launch the yBTC token on Ethereum. This token will offer an automatic compounding Bitcoin yield similar to the popular cToken model and will be integrated into various blockchain, Ethereum L2, Bitcoin L2, and other major DeFi ecosystems.