PStake
PSTAKE Finance is a Singapore-based blockchain protocol offering Bitcoin liquid staking on Babylon's Trustless BTC staking, plus cross-chain bridges, the $PSTAKE governance token, and an AI-Web3 research collective backed by a $50M Innovation Fund.
- Company typePrivate
- Founded2021
- HeadquartersSingapore, Singapore
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What PStake does
PSTAKE Finance is a Singapore-headquartered, BVI-incorporated (PSTAKE Sub One Ltd) blockchain protocol company founded in 2021 that operates Bitcoin liquid staking infrastructure on top of Babylon's Trustless BTC staking protocol, allowing BTC holders to stake their BTC and receive liquid staking tokens (yBTC) that maintain DeFi usability while earning staking yield. The company is operated by a team of 11-50 employees and is venture-backed by Binance Labs, DeFiance Capital, Spartan Group, Coinbase Ventures, and Kraken Ventures, having raised approximately $10M in a 2021 funding round. Its product surface includes a self-serve BTC liquid staking web app, cross-chain bridges (ETH to Base, Optimism, BNB, and Cosmos), the $PSTAKE governance token, the SatDrop pSats points program, and the Pioneer Ambassador program. Distribution is multi-channel: the dApp is accessible directly, through Leather Wallet, ByBit Web3, and Binance Web3 MPC Wallet integrations, and the $PSTAKE token trades on 8+ centralized exchanges and multiple DEXs.
The company monetizes through transaction fees on liquid staking and unstaking, set via on-chain governance. Its earlier Cosmos-based liquid staking product and the YBTC institutional LST (launched January 2025, deprecated July 2025) have been wound down, with current focus on the Babylon-based BTC product. In 2025, PSTAKE initiated a strategic pivot toward an AI-Web3 research collective, publishing research on topics including AI music generation, onchain reasoning, and policy interpretation, and establishing a $50M AI-Web3 Innovation Fund for grants, pilots, partnerships, and acquisitions in AI-native assets, tooling, and market layers. The dApp is geoblocked in 22 jurisdictions including the United States, United Kingdom, and Canada.
PStake firmographics
Firmographics- Name
- PStake
- Legal name
- PSTAKE Sub One Ltd
- Website
- https://pstake.finance
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- PSTAKE Finance is a Singapore-based blockchain protocol offering Bitcoin liquid staking on Babylon's Trustless BTC staking, plus cross-chain bridges, the $PSTAKE governance token, and an AI-Web3 research collective backed by a $50M Innovation Fund.
- Ownership category
- akta.pro rank
PStake industry classification
Industry- Product category
- Bitcoin Liquid Staking Protocol
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Liquid Staking Protocols & Liquid Staking Tokens (LST) (FSADAOAL)
- akta.pro secondary industries
- Liquid Staking & Restaking Protocols (FSADAMAE), Staking, Restaking & Liquid Staking Finance (LST/LRT, validator markets) (FSAPAEAH), Staking-as-a-Service Platforms (Non-Custodial) (FSADAHAF)
Keywords
Where PStake is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
PStake business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure, Supply Chain
Revenue model
- Transaction Fees: Transaction fees are charged for liquid staking and unstaking activities through the pSTAKE Protocols. Fees are subject to variation through decentralized on-chain governance. The specific fee amounts may change from time to time and are documented on the website and pSTAKE Documentation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard liquid staking fee structure |
Go-to-market motion2 records
Distribution channels7 records
Marketing channels9 records
PStake product offering
Product offeringCore offering
PStake is a non-custodial Bitcoin liquid staking protocol that lets users deposit BTC to receive yield from Babylon's Trustless BTC staking while holding liquid staking tokens (YBTC) that remain usable across DeFi. Beyond BTC staking, the platform offers cross-chain bridges (Ethereum to Base, Cosmos, BNB, and Optimism), the $PSTAKE governance and incentivization token, the SatDrop pSats points program, and a research collective publishing papers on AI-Web3 convergence supported by a $50M Innovation Fund.
Product overview
PStake is a multi-product DeFi and research platform consisting of Bitcoin Liquid Staking (core product enabling BTC holders to earn Babylon staking yields while maintaining liquidity via YBTC), the SatDrop loyalty program (points system rewarding BTC depositors with pSats convertible to $PSTAKE tokens), the $PSTAKE governance token (enabling decentralized decision-making), PSTAKE Research platform (AI-Web3 research collective publishing papers on decentralized AI, adaptive consensus, and verifiable systems), and the $50M AI-Web3 Innovation Fund (grants and partnerships for AI-native projects). The company has pivoted from traditional Cosmos liquid staking (now deprecated) to focus on Bitcoin liquid staking via Babylon and AI-powered Web3 research.
Differentiator
Problem solved
Functional benefit
Brands
- SatDrop: Points program where participants complete tasks to earn pSats that can be converted to $PSTAKE tokens
- YBTC
- pSATS
Products and services
- Bitcoin Liquid Staking Non-custodial liquid staking product that allows users to stake BTC through Babylon's Trustless BTC staking protocol and receive yield-bearing liquid staking tokens that remain usable in DeFi. Targeted at both retail and institutional BTC holders.
- YBTC Yield-optimized Bitcoin liquid staking token (LST) built on Babylon and deployed on Ethereum, enabling BTC holders to earn Babylon staking yields while maintaining DeFi liquidity.
- SatDrop (pSats) Seasonal points/campaign program where BTC depositors earn pSats points by completing tasks, with multipliers tied to leaderboard divisions and referral bonuses. Points are convertible to $PSTAKE tokens at season end.
- $PSTAKE Token Governance and incentivization token for the PStake ecosystem. $PSTAKE holders participate in on-chain governance including validator selection, incentive design, protocol evolution, and funding of staking research.
- Cross-Chain Bridge Services Bridge services connecting Ethereum to Base, Optimism, BNB, and Cosmos networks, enabling cross-chain asset interoperability for the PStake ecosystem and broader users.
- pSTAKE Research Research collective platform exploring how decentralized networks and AI evolve together. Publishes open-access papers and simulations across Onchain Reasoning, Modular Routing, Verifiable AI Flows, and Predictive Optimizing focus areas.
Quantifiable outcome
- Deposit cap of 50 BTC filled in three weeks demonstrating high demand
- +2 more outcomes
Companies that use PStake
Customer profileSegments3 records
Ideal customer profiles3 records
PStake technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability8 records
Feature4 records
PStake partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and major.
- CobocoreCobo provides institutional-grade custody services for PSTAKE's Bitcoin liquid staking solution. This partnership ensures secure handling of institutional Bitcoin deposits in the liquid staking infrastructure.
- BabyloncoreBabylon provides the Trustless BTC staking protocol that PSTAKE integrates with for its Bitcoin liquid staking solution. PSTAKE deposits user BTC into Babylon's security-sharing staking mechanism to generate yield while maintaining liquidity for users.
- ByBit Web3majorByBit Web3 Wallet integration enables users to access PSTAKE's Bitcoin liquid staking directly through the ByBit ecosystem. A dedicated campaign was launched to promote BTC staking through this integration.
- Leather WalletmajorPartnership expanding Bitcoin yields access to Leather Wallet users. PSTAKE brings its BTC liquid staking solution to Leather Wallet's user base for easier access to BTCfi opportunities.
- Academic Institutions and AI LabsmajorPSTAKE Research has established strategic partnerships with academic institutions and AI labs for co-publication, data validation, and knowledge exchange as part of its research collective mission.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
PStake competitors and assessment
Company assessmentDirect peers
- Lido Finance: Leading multi-chain liquid staking protocol offering stETH and other LSTs; directly comparable to PSTAKE as both enable users to stake native assets and receive liquid tokens, with PSTAKE focused on the BTC/Babylon segment Lido has not yet dominated.
- Rocket Pool: Decentralized Ethereum liquid staking protocol with rETH; competes in the same liquid staking primitive category as PSTAKE and shares the non-custodial, decentralized ethos with broad exchange and DeFi integrations.
- Stride: Cosmos-native liquid staking protocol that originated as a competitor to PSTAKE's earlier Cosmos liquid staking offering (stkATOM, stkOSMO); highly comparable in mechanism and original go-to-market before PSTAKE's strategic pivot to BTC.
- Marinade Finance: Solana-native liquid staking protocol with mSOL and LST-focused DeFi integrations; comparable non-custodial liquid staking architecture and exchange/wallet distribution strategy to PSTAKE.
- Stader Labs: Multi-chain liquid staking protocol offering LSTs across ETH, Cosmos, Polygon, and BNB; directly comparable to PSTAKE in its earlier multi-chain Cosmos/ETH LST phase and shared non-custodial design philosophy.
- Quicksilver: Cosmos-ecosystem liquid staking protocol (qAssets); comparable to PSTAKE's legacy Cosmos liquid staking business in target audience, mechanism, and integration footprint.
- Swell Network: ETH liquid staking and restaking protocol with swETH; comparable non-custodial LST design, governance-token-based ecosystem, and exchange/distribution strategy to PSTAKE.
Emerging players
- Solv Protocol: BTC yield and liquid staking abstraction protocol building on Babylon; direct emerging competitor in the same BTC liquid staking niche PSTAKE targets via yBTC.
- EigenLayer: Restaking protocol enabling staked assets to secure additional services; conceptually adjacent to PSTAKE's liquid staking primitive with overlapping restaking narrative around yield composability.
Others
- Babylon Protocol: The underlying trustless BTC staking protocol that PSTAKE integrates with; technically a partner but functions as a strategic comparable in the BTC staking narrative that drives PSTAKE's addressable market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PStake social profiles
Digital presencePStake compliance and trust
Trust signalCompliance1 record
PStake financial estimates
Financial estimateRevenue estimate
Valuation estimate
PStake leadership team
Management profileNumber of profiles
Profiles1 record
PStake funding detail
Funding detailFunding overview
Funding rounds2 records
Investors18 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PStake M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PStake
What does PStake do?
PStake is a non-custodial Bitcoin liquid staking protocol that lets users deposit BTC to receive yield from Babylon's Trustless BTC staking while holding liquid staking tokens (YBTC) that remain usable across DeFi. Beyond BTC staking, the platform offers cross-chain bridges (Ethereum to Base, Cosmos, BNB, and Optimism), the $PSTAKE governance and incentivization token, the SatDrop pSats points program, and a research collective publishing papers on AI-Web3 convergence supported by a $50M Innovation Fund.
Is PStake a public or private company?
PStake is a private company. It is classified as venture growth investor backed and is currently operating.
When was PStake founded?
PStake was founded in 2021. It employs 1 to 10 people.
Where is PStake based?
PStake is headquartered in Singapore, Singapore, in the Asia region.
How does PStake make money?
One revenue line is on record: transaction Fees.
Who are PStake's main competitors?
Direct peers on record are Lido Finance, Rocket Pool, Stride, Marinade Finance, Stader Labs, Quicksilver and Swell Network. Emerging players are Solv Protocol and EigenLayer. Babylon Protocol is listed as an others.
Does PStake have an API?
No public API is recorded for PStake.
What industry is PStake in?
PStake's product category is Bitcoin Liquid Staking Protocol. Its primary akta.pro industry code is FSADAOAL, Liquid Staking Protocols & Liquid Staking Tokens (LST), with a secondary code of FSADAMAE, Liquid Staking & Restaking Protocols. Its NAICS code is 52321 and its SIC code is 6200.