pSTAKE Staked Bitcoin
YBTCProject Safety Score: 26%
Updated 3 weeks, 3 days ago& Market
Credibility
Behavioral
Mechanics
Distribution
pSTAKE Finance makes it easy for Institutions to access BTC yields with Bitcoin Staking on Babylon through YBTC (Yield Bitcoin).
pSTAKE staked Bitcoin (YBTC) represents Bitcoin staked on Babylon through pSTAKE. YBTC is an ERC-20 token native on the Ethereum chain. YBTC is minted when BTC is deposited and burned after BTC is unstaked.
YBTC is interoperable to EVM-comptaible chains, Ethereum L2s, and Bitcoin L2s through LayerZero.
YBTC is yield-bearing in nature and 1:1 backed by BTC. YBTC holders receive staking rewards generated by securing chains on Babylon’s Bitcoin Staking protocol. Additionally, YBTC can be used in the BTCfi Ecosystem to generate yields from DeFi protocols focused on Restaking, Yield Farming, and more.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
