pumpBTCPrice

(PUMPBTC)

pumpBTC is the liquid staking token (LST) users receive 1:1 when they stake wrapped Bitcoin assets like WBTC or BTCB. It enables participation in DeFi activities while earning staking rewards. PUMP, on the other hand, is the native governance and incentive token of the protocol. Holders can use PUMP to vote on important protocol parameters and lock it to obtain vePUMP, which grants boosted rewards and further governance power.

The standard unstaking process for pumpBTC aligns with the underlying network's mainnet cycle, typically requiring a 7-10 day waiting period to receive your staked Bitcoin assets. For users needing quicker access, an instant withdrawal option is available. This service leverages a liquidity pool to provide immediate Bitcoin access, bypassing the standard queue, but it incurs a default fee of approximately 3%.

'PumpBTC Points' are earned simply by holding pumpBTC or by providing liquidity within the protocol's supported pools. To maximize these rewards, users can look for specific multipliers. For instance, holding certain liquidity pool tokens often provides a significant boost, such as a 4x multiplier, increasing the rate at which points accumulate. These points are crucial for potential future incentives and airdrops.

Yes, a significant advantage of participating in pumpBTC is the ability to 'yield stack' multiple types of reward points simultaneously. Users can earn Babylon Points, which come directly from the underlying network's protocol, alongside PumpBTC Points from the protocol itself. Additionally, depending on the integrated Layer 2 solutions, participants can also accumulate L2 Points from partner ecosystems, such as Mantle, for an enhanced overall rewards experience.

The timing for the PUMP token's Token Generation Event (TGE) and its initial airdrop is a frequent topic in the community. Recent updates, specifically around March/April 2025, introduced an 'Airdrop Eligibility Check' feature for early participation seasons. This initial airdrop is slated to distribute approximately 7% of the total PUMP token supply to eligible early contributors and users.

PumpBTC does not directly hold user Bitcoin assets, ensuring a decentralized and secure approach. Instead, the protocol partners with institutional-grade custodians, such as Cobo and Coincover, to manage the underlying staked Bitcoin. These trusted custodians are responsible for handling the delegation of native BTC to the Babylon network, thereby safeguarding user funds while enabling them to earn staking rewards through the protocol.