What is PumpBTC (PUMP)? Overview of Babylon's Leading Bitcoin Liquid reStaking Protocol

PumpBTC is a liquid restaking protocol for Bitcoin on Babylon, allowing easy BTC staking and instantly receiving pumpBTC liquid Token without long-term locking. PumpBTC supports multi-chain, collaborating with major partners to help users leverage yield from Babylon and DeFi, expanding liquidity and flexibility for BTC in the DeFi ecosystem. MAIN CONTENT - PumpBTC allows quick BTC staking with 1:1 pumpBTC Token, without asset locking. - The project integrates multi-chain and collaborates with Babylon, Compound, Chainlink, Cobo... - PUMP Token information is transparent with specific vesting schedule and diverse utilities. What is PumpBTC? Supported by Babylon and many reputable partners, PumpBTC is a groundbreaking Bitcoin liquid restaking protocol, allowing users to stake BTC and receive 1:1 pumpBTC liquid Token without long-term asset locking. BTC value is preserved and opens opportunities to earn yield on DeFi. Operating on Ethereum, BNB Chain, Berachain, Zircuit and Fuel, PumpBTC provides simple staking experience, connecting with over 70 DApps and offering high liquidity with security through MPC custody solutions from Cobo and Coincover. [The rest of the translation follows the same professional and accurate approach]

• Registration time: 23:00 - 23:45 on 1/4/2025 (Vietnam time)
• Maximum registration limit of 3 BNB/person
• No vesting, Token unlocked immediately
• Token allocated proportionally to contributions

Storage Wallet and pumpBTC Exchange

PumpBTC supports MetaMask wallet, Rabby and WalletConnect to help users easily manage Token. Currently, PUMP Token can be traded on DEXs like Pendle, decentralized exchanges on Ethereum/BSC and DApps in the Babylon ecosystem, with plans for continuous expansion.

PumpBTC Development Roadmap

• 07/07/2024: Official mainnet launch
• 10/2024: Completed seed funding round of 10 million USD from Mirana, SevenX
• Q1/2025: Expansion to Zircuit and Berachain chains; launch of BTC-Fi Vault
• From 2025 onwards: Ecosystem development, multi-level collaboration with Layer 2 and Layer 3 solutions

Who is the PumpBTC Development Team?

The PumpBTC team is anonymous but possesses deep expertise in DeFi, MPC and staking systems. Despite starting small, the project quickly established itself in the Babylon ecosystem through technical skills and strategic vision.

PumpBTC Investors and Strategic Partners

The successful Seed funding round raised 10 million USD from funds like SevenX, Mirana, UTXO, StepN, Mantle Fund and many other organizations. The project also works with reputable partners including Babylon, Cobo, Coincover, Pendle, Chainlink, Gearbox, Compound...

Projects Similar to PumpBTC

• BounceBit: Protocol for staking BTC and receiving liquid staking yield
• B^2 Network: Layer 2 staking for Bitcoin
• Babylon: Prominent finality staking platform for BTC

Frequently Asked Questions about PumpBTC

Does PumpBTC have an Airdrop program?

PumpBTC currently implements the PumpFellow Points reward program, which can be exchanged for Token or received as Airdrop in subsequent rounds.

How to stake with PumpBTC?

Users simply need to connect their wallet and deposit WBTC or BTCB to receive the corresponding pumpBTC Token.

Is PumpBTC safe?

The project uses MPC custody technology from Cobo and Coincover, and maintains on-chain asset transparency with a 1:1 BTC backing ratio.