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K线教主|Feb 28, 2025 03:06
Recently, Babylon has finally welcomed the establishment of its foundation. It seems that another group of people are getting excited, so I have been looking at some projects in the BTCFi track that have low market value and are highly likely to be driven by Babylon.
For example, the previously mentioned project of earning BTC by staking PSTAKE, which is also Binance Alpha's only BTCFi track project @ PSteakeFinance
At present, PSTAKE staking has been launched on Base, and over 10 million tokens have been staked on Base to earn cbBTC rewards. It seems that there are still more holders, probably waiting for the ecological recovery.
At present, pStake's TVL has exceeded $30 million, which is significantly undervalued compared to the token's market value of $10 million.
Brother Cute! Is there anything else worth paying attention to in the BTCFi track?
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