pSTAKE Finance (CRYPTO:PSTAKE), backed by Binance Labs, unveils a liquid staking solution for Bitcoin (CRYPTO:BTC), streamlining the staking process and offering enhanced yield opportunities.

This move represents a pivotal step in the emerging Bitcoin DeFi (BTCFi) sector, aiming to make Bitcoin a yield-generating asset.

By leveraging Babylon's Bitcoin staking protocol, pSTAKE Finance seeks to capitalise on the growing interest in Bitcoin-native DeFi solutions.

The introduction of this liquid staking solution marks pSTAKE's debut in Bitcoin-native DeFi after years of development on the Cosmos network.

Overall, this initiative signifies a significant progression towards unlocking the full potential of Bitcoin within the decentralised finance ecosystem.