FAQs
Most frequently asked questions.
Why do YBTC holders generate more pSATS?
YBTC is our Liquid Staking Token for those depositing BTC into the pSTAKE Liquid Staking module. YBTC provides users with additional rewards from a separate rewards pool, increasing the amount of pSATS generated.
How to generate the most yield?
Stake PSTAKE AND hold 0.05 YBTC
Step 1: Head to pSTAKE Finance and deposit BTC (min 0.05 BTC deposit)
Step 2: Mint YBTC
Step 3: Stake PSTAKE from the same wallet holding YBTC
Step 4: Enjoy BTC yield from both rewards pools.
Are there fees?
There are no fees for using the product. However, there may be some network fees incurred when claiming BTC.
Can I Withdraw?
You can withdraw PSTAKE anytime, but will forfeit rewards if you withdraw during the season.
How Many Seasons Will There Be?
Seasons will continue running throughout the staking campaign. Each Season is 2 weeks long.
How to Claim?
Users must claim their rewards within three days of each season’s close. To claim, head to the staking dashboard and hit “Claim.” Any unclaimed rewards after three days will be forfeited.
Wen Launch?
We are live as of November 28, 2024.
Are Rewards Really in BTC?
Yes, all rewards are sent to users in a BTC derivative. Users accumulate pSATS (pSTAKE Points) while staking, which are converted into SATS and distributed as a BTC derivative (cbBTC, wBTC, etc).
Where Do Rewards Come From?
Initially, the pSTAKE staking yield will be bootstrapped by the protocol, offering a solid APY.
Although nominal rewards will start small, they will grow as rewards transition into being funded by revenue generated through the Liquid Staking Token (LST) & additional CeDeFi strategies.
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