PumpBTC (PUMP) converter and calculator

PumpBTC’s aim to allow Bitcoin holders to maximize their returns by participating in DeFi with security, scalability, and transparency.

What is PumpBTC?

PumpBTC serves as a Liquid Staking Solution for Babylon. PumpBTC aims to help BTC holders maximize yields through Babylon's staking - essentially rebuilding $WBTC/$BTCB/$FBTC with native yield.

What is Babylon?

Babylon is a Shared Security Protocol that leverages Bitcoin to enhance the security of other Proof-of-Stake chains. By introducing the concept of Bitcoin staking, it allows Bitcoin holders to stake their bitcoins and earn yield while bolstering the security of PoS chains.

What are Stakers Earning?

Points Summer: Staking APR(TBD) + Babylon Points + PumpBTC Points + FBTC Points + L2 Points (Coming Soon)

Higher Base Yields: PumpBTC Liquid's DeFi strategies and optimization can result in higher base yields which can be more appealing to users. This can result in more efficient user acquisition, higher retention rates, and lower incentive expenditure.

What are PumpBTC Points?

PumpBTC Points are a reward mechanism designed to incentivize participation in the PumpBTC ecosystem. These points can be earned through various activities and challenges within the platform, with more opportunities to be unveiled in the near future.

By accumulating PumpBTC Points, users position themselves for potential advantages and rewards as the platform evolves. Stay tuned for upcoming announcements about new ways to earn and utilize these points within the PumpBTC ecosystem.

What is the PumpBTC Staking program?

The PumpBTC staking program is designed to reward participating users and communities that contribute to building the initial liquidity and ecosystem of PumpBTC. While users can earn PumpBTC Points through staking, those who actively engage in the PumpBTC are also poised to receive significant rewards.

Where is the APR coming from? What points am I earning?

The APR is derived from protocol revenue generated by delegating native BTC to finality providers on the Babylon network. This protocol revenue stems from inflation and the earnings Babylon accrues by lending its economic security to various decentralized systems.

Users can earn Points from multiple sources within the PumpBTC ecosystem:

1. Babylon Staking: Once the Babylon mainnet launches, users will earn Points for participating in Babylon staking. (Currently in testnet phase)

2.PumpBTC Platform Staking: Users earn Points through PumpBTC's native points system by staking on the platform.

3.FBTC Staking: FBTC’s official points rewards will be available for anyone staking $FBTC. (This feature is not yet live)

4.Layer 2 Integration: Users will earn Points by staking or utilizing $pumpBTC on various Layer 2 solutions. We are in ongoing discussions with prominent networks like Scroll, Fuel, Zircuit, and Karak. Future updates will introduce additional Point-earning opportunities for depositing or using $pumpBTC on these L2 networks, enhancing the benefits for our user community.

What does PumpBTC do with my restaked $WBTC/$BTCB/$FBTC?

PumpBTC allows users to stake various forms of Bitcoin (such as $BTCB and $WBTC) and receive $pumpBTC in return. These $pumpBTC tokens automatically accrue yields from the Babylon protocol, offering a seamless staking experience.

PumpBTC doesn't directly hold user assets but instead collaborates with professional, licensed custodians like Cobo and Coincover.

The custodians hold users' staked assets and handle the delegation of equivalent native BTC to Babylon's Finality Provider on the Bitcoin mainnet. This comprehensive system ensures that PumpBTC never directly holds user assets, minimizing security risks while maximizing potential returns.

Is there a minimum deposit amount to earn Points?

In the current Pre-Season event, there are two roles participants can take on: Team Captain and Team Member. Team Captains must deposit a minimum of 0.02 wrapped BTC to create their own team. Team Members can join any team using an invitation code and have no minimum deposit requirement.

Are the contracts safe? How do I know my assets are safe?

Currently, you can find BlockSec's audit report for PumpBTC here. Additional audits are in progress.

In the future, there’d be a real-time transparency dashboard displaying Proof of Asset data, allowing users to constantly monitor their staked assets.

Additionally, you can monitor the status of your assets in real time through the on-chain staking address. More addresses can be found.

How do I earn more points?

Indeed, PumpBTC's points system may appear complex at first glance. To help you understand it better, we've prepared an explanation of the 'Optimal Staking Strategy for an Individual'. You can refer to this document for more details.

Can I deposit native BTC?

PumpBTC will support native BTC staking at Stage 2. Users will be able to stake native BTC and ming PumpBTC on various EVM chains to unlock the DeFi Lego and points summer!

Can I withdraw the assets?

We will support Withdrawal ASAP once Babylon is live. Users can either wait for 7 days unstaking period or use instant withdrawal solution to withdraw. Feature coming soon!