pSTAKE Integrates Leather Wallet to Unlock Native $BTC Staking Opportunities for 100k+ Users

Bitcoin yield protocol pSTAKE Finance, is integrating the Leather Wallet for native $BTC staking on the Bitcoin Network.

By adding support for Leather Wallet, pSTAKE will gain access to its 100,000+ users, who’ll get the opportunity to stake native BTC for the first time and earn yields from Babylon Points and pSTAKE Points (pSats), with additional sources to be introduced in the future.

With this move, pSTAKE has become the first Bitcoin yield protocol to collaborate with the Leather wallet.

In addition to gaining access to Leather’s wide user base, this integration will bring more capital to pSTAKE while allowing it to achieve increased social visibility into the thriving Leather and Stacks ecosystem as well as the broader Bitcoin space.

“Leather is one of the most friendly to use Bitcoin Wallets with numerous use cases in the rapidly growing BTCfi landscape. We are excited and proud to be the first protocol to bring native yields with $BTC Staking to Leather. This will be a great opportunity for Leather’s 100,000+ users that are well-versed with other BTCfi primitives like Ordinals, Runes, BRC-20, and more,” said Mikhil Pandey, Co-founder of pSTAKE Finance.

A Breakthrough in Bitcoin Yields with pSTAKE

Over the past year, the technological advancement and excitement surrounding the development of Bitcoin have led to the rise of protocols that aim to make this passive store of value an active asset in the financial space.

pSTAKE Finance is one such leading project that is helping advance the Bitcoin ecosystem. Backed by Binance Labs, pSTAKE is a Bitcoin yield protocol that gives the holders of the largest cryptocurrency a way to earn increased returns on their BTC, which has been just sitting idle in wallets all this time.

Most importantly, yield on BTC is achieved without giving up control of your Bitcoin to a third party.

Now, to generate high yields for its users, pSTAKE relies on various trusted sources, including Babylon’s BTC Staking, which offers the most simple and user-friendly experiences.

Babylon is a BTC staking and security-sharing protocol that enables users to stake their BTC to secure PoS blockchains and earn rewards. The protocol basically shares security from Bitcoin’s battle-tested PoW network and applies it to PoS networks through its shared security protocol.

This is achieved without needing to bridge assets while allowing users to retain custody of their BTC. For added safety, Babylon has gone through eight security audits from the likes of Consensys, Pessimistic, and Red4Sec, as well as running an ongoing Bug Bounty program.

The pSTAKE BTC liquid staking solution, meanwhile, is built on top of the Babylon infrastructure. In the future, it will let users stake their Bitcoin and mint yBTC, a yield-bearing liquid staking derivative that can be utilized all across Bitcoin’s growing ecosystem.

Already, pSTAKE has attracted more than 50 BTC in deposits to generate yield for its users. The latest Leather wallet integration will allow more even users to participate, further democratizing Bitcoin yield and distributing it among power users of the Bitcoin Ecosystem and BTC OGs.

Maximizing Bitcoin’s Potential With the Leather Wallet

Leather is a self-custodied, open-source wallet built specifically for Bitcoin’s expanding ecosystem and is widely used for BTC transfers, Ordinals and Runes trading, and $STX staking. Users can also create, trade, and transfer Stacks NFTs and Bitcoin Stamps, manage and secure BRC-20 tokens, explore Bitcoin DeFi protocols, and access Bitcoin L2s.

This makes Leather’s expansive user base consisting of Bitcoin OGs holding sizable BTC and being highly active in the Bitcoin DeFi space.

One of the biggest wallets in the Bitcoin Ecosystem, it was developed by Trust Machines and focused on building a decentralized economy on Bitcoin.

A team of engineers, builders, researchers, and operators have come together to form Trust Machines with a mission to unlock the true potential of Bitcoin layers and take it to a billion users. For this, the project uses Stacks, Lightning, DLCs, and other tools that enable it to reach mainstream users and contribute to the necessary underlying infrastructure for Bitcoin and its layers.

To enable Bitcoin’s value as a decentralized final settlement layer for a wide range of use cases, Trust Machines has created BTC lending protocols and other applications.

It was about just over a year ago that Leather was introduced to drive the global transition to a digital economy built on Bitcoin and provide the highest-quality user experience. This versatile wallet makes it easy and accessible to navigate Web3 on Bitcoin.

Trust Machines was co-founded by Muneeb Ali, who also co-created the Stacks layer, a Bitcoin layer for smart contracts. Recently, the Bitcoin L2 had its highly-anticipated Nakamoto upgrade to make transactions even faster and cheaper.

Aiming to revolutionize Bitcoin scalability and DeFi, Stacks rolled out a bridging asset, sBTC, and achieved a record of over 1,400 monthly smart contract deployments earlier this month.

Now, with pSTAKE Finance’s support for BTC-focused Leather Wallet, even greater utility is being brought to Bitcoin. By offering a non-custodial way for BTC holders to enhance their profit potential, pSTAKE is finally allowing the trillion-dollar BTC capital to be put to good use, contributing to a thriving Bitcoin ecosystem.