🚨 JUST IN: @CoinbaseWallet now supports $PSTAKE Staking on @base.
With 2M+ MAUs, Coinbase Wallet is the home to everything onchain.
Stacking sats has never been easier.
PSATKE stakers participate in protocol community activities and share $cbBTC rewards.
2/ New to $PSTAKE Staking? Get started now👇🏼
$PSTAKE Staking is launching on @base today!
Here’s everything you need to know about this HUGE change coming to BTCfi for the first time ever 👇🏼
1) What is $PSTAKE staking?
> A brand new way to lock the $PSTAKE token, participate in protocol and community activities, and earn $BTC.
2) What are some terms I should know before getting started?
> Season: 2-week period to lock $PSTAKE tokens.
> pSats: pSTAKE Points received upon staking $PSTAKE that can be converted into $BTC at the end of every Season.
> Staking Cap: Maximum amount of $PSTAKE tokens that can be staked in a particular Season.
3) Where can $PSTAKE be staked?
> All staking and unstaking actions happen on @base and can be executed anytime.
> Before staking, participants need to bridge $PSTAKE tokens to Base using @superbridgeapp 👉🏼
4) How are $BTC rewards distributed?
> Rewards start getting accrued as soon as $PSTAKE is staked.
> Rewards are distributed in tokens like $cbBTC or $YBTC every two weeks when a Season ends.
> Participants have to 'Claim' their rewards within 3 days after a Season ends.
5) What happens if I unstake $PSTAKE during a Season?
> Unstaking at any time during a season forfeits all accumulated rewards.
> Multiple Snapshots are taken randomly during a Season.
6) Do I need to stake every time a new Season starts?
> No. If you stake in Season 1, you will automatically remain staked for Season 2 when it starts.
7) How are pSats (rewards) distributed in a Season?
> 80% of pSats go to all users staking $PSTAKE tokens.
> 20% of pSats go to $PSTAKE Stakers that ALSO hold 0.05 $YBTC or more.
8) Are there any extra fees?
> There are no fees for staking $PSTAKE.
> Some network fees are incurred when claiming $cbBTC rewards on Base.
9) Where do Bitcoin Rewards come from?
> Initially, rewards will come from the protocol treasury to bootstrap the $PSTAKE staking use case.
> Over time, rewards will be subsidized by protocol revenue generated by Bitcoin Liquid Staking yields.
10) Wen launch?
> 28 November 2024
11) How to get started with $PSTAKE Staking?
> Bridge $PSTAKE to Base →
> Head to the pSTAKE app →
> Follow $PSTAKE Staking user guide →
3/ Simply head to , connect your @CoinbaseWallet, and stake your $PSTAKE to start earning $cbBTC.
26,54 rb
0
Konten pada halaman ini disediakan oleh pihak ketiga. Kecuali dinyatakan lain, OKX bukanlah penulis artikel yang dikutip dan tidak mengklaim hak cipta atas materi tersebut. Konten ini disediakan hanya untuk tujuan informasi dan tidak mewakili pandangan OKX. Konten ini tidak dimaksudkan sebagai dukungan dalam bentuk apa pun dan tidak dapat dianggap sebagai nasihat investasi atau ajakan untuk membeli atau menjual aset digital. Sejauh AI generatif digunakan untuk menyediakan ringkasan atau informasi lainnya, konten yang dihasilkan AI mungkin tidak akurat atau tidak konsisten. Silakan baca artikel yang terkait untuk informasi lebih lanjut. OKX tidak bertanggung jawab atas konten yang dihosting di situs pihak ketiga. Kepemilikan aset digital, termasuk stablecoin dan NFT, melibatkan risiko tinggi dan dapat berfluktuasi secara signifikan. Anda perlu mempertimbangkan dengan hati-hati apakah trading atau menyimpan aset digital sesuai untuk Anda dengan mempertimbangkan kondisi keuangan Anda.