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

Binance-backed pSTAKE Finance launches Bitcoin liquid staking solution

Protocol for liquid staking backed by Binance Labs In the most recent advancement for Bitcoin-native decentralized finance (DeFi), pStAKE Finance has revealed its liquid staking solution for the cryptocurrency.

Built on top of Babylon's Bitcoin staking protocol, pSTAKE Finance's solution seeks to streamline the Bitcoin staking procedure and provide more options for Bitcoin BTC to generate profit. ticks lower at $65,023 holders.
In an effort to turn the oldest cryptocurrency in the world into a yield-generating asset, the protocol chose to develop Bitcoin-based staking solutions, according to Mikhil Pandey, co-founder and chief strategy officer of pSTAKE Finance.

According to Pandey, Cointelegraph: