Binance-backed pSTAKE Finance launches Bitcoin liquid staking solution

May 15, 2024 Coin Telegraph

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

Binance Labs-backed liquid staking protocol pStAKE Finance has unveiled its liquid staking solution for Bitcoin in the latest development for Bitcoin-native decentralized finance (DeFi).

pSTAKE Finance’s solution, built on top of Babylon’s Bitcoin staking protocol, aims to simplify the Bitcoin staking process and offer additional yield generation opportunities for Bitcoin (BTC) holders.

The protocol decided to build Bitcoin-based staking solutions from a fundamental belief in the world’s oldest cryptocurrency, aiming to make it a yield-generating asset, according to Mikhil Pandey, the co-founder and chief strategy officer of pSTAKE Finance.

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Bitcoin layer-2 landscape “set to boom” as BTC keeps outperforming: Bybit

May 13, 2024 The Crypto Briefing

Bitcoin

Bitcoin layer-2 solutions are rising in 2024, including state channels, sidechains, and rollups, as Bitcoin's market dominance grows.

The post Bitcoin layer-2 landscape “set to boom” as BTC keeps outperforming: Bybit appeared first on Crypto Briefing.

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Runes and BRC-20s are just a stepping stone for Bitcoin DeFi

May 6, 2024 Coin Telegraph

Bitcoin

Bitcoin is becoming a yield-generating asset, thanks to new token standards like Runes, which may only be a stepping stone for Bitcoin DeFi.

Bitcoin Runes and BRC-20 tokens may only be a stepping stone in the evolution of Bitcoin-native decentralized finance (DeFi).

The emergence of Runes and Bitcoin DeFi came from a desire to add more utility to the world’s safest blockchain network, according to Rich Rines, a Core DAO contributor building Bitcoin DeFi solutions. Rines told Cointelegraph:

Runes is a new protocol for issuing fungible tokens on the Bitcoin network that launched on April 20, the day of the Bitcoin halving. Runes are part of a wider developer movement known as Bitcoin DeFi, or BTCFi, aiming to add more utility to the Bitcoin network.

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Binance Labs invests in Bitcoin restaking protocol BounceBit

April 12, 2024 The Crypto Briefing

binance Labs

Bitcoin DeFi is gaining traction ahead of the halving, and Binance Labs' latest investment in a BTC restaking protocol follows this trend.

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Bitcoin L2s could start a liquidity war this month, KuCoin report suggests

April 11, 2024 The Crypto Briefing

Bitcoin

KuCoin report indicates a 'battle for liquidity' among Bitcoin L2s as Merlin Chain hits a TVL peak and Stacks nears its Nakamoto upgrade.

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Zest Protocol debuts Bitcoin lending markets on Stacks

April 11, 2024 The Crypto Briefing

Bitcoin

Discover Zest Protocol's launch of the first Bitcoin lending markets on Stacks L2, a step towards enhancing Bitcoin DeFi.

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Bifrost and Stacks Foundation Team up to Enhance Bitcoin Utility

March 15, 2024 Bitcoin.com

bitcoin.com

In a recent development, the Bifrost Foundation has allied with the Stacks Foundation to explore new opportunities within the Bitcoin ecosystem. This partnership is dedicated to harnessing Bitcoin’s potential by introducing innovative use cases and improving interoperability with assets and protocols based on Bitcoin. Bifrost and Stacks Foundation Partner to Expand Bitcoin Ecosystem On Thursday, […]

Btcfi