🚨 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.
y'all ready to get $cbBTC on the @CoinbaseWallet? đź‘€
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