Back to News

pStake Finance Goes Omnichain with LayerZero’s OFT Standard

Twitter icon  •  Published vor 2 Wochen on January 22, 2025  •  Hassan Maishera

On Tuesday, the LayerZero team announced via X that pStake Finance had gone omnichain with LayerZero’s OFT Standard. YBTC is an institutional Bitcoin LST on Babylon.

pStake Finance Goes Omnichain with LayerZero’s OFT Standard

On Tuesday, the LayerZero team announced via X that pStake Finance had gone omnichain with LayerZero’s OFT Standard. YBTC is an institutional Bitcoin LST on Babylon.

pSTAKE has integrated the OFT standard, enabling YBTC, a $35M+ asset, to move seamlessly across chains.

LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $4.193, up 4% in the last 24 hours.

Empower Oversight Sues SEC for Release of Crypto Conflicts Probe
Next article Empower Oversight Sues SEC for Release of Crypto Conflicts Probe

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Follow us on Google News