PUMP Token Burn Vote Deadline

PumpBTC, a liquid staking protocol for Bitcoin, is wrapping up a critical governance vote on May 25, 2025. $PUMP holders must decide whether to burn unclaimed tokens from a recent airdrop, initially announced on April 30 . To vote, users lock $PUMP for vePUMP, an NFT granting governance rights and rewards like Voter’s APY and up to 250% LP boosts (https://mainnet.pumpbtc.xyz/vepump). Burning tokens could reduce $PUMP’s supply, potentially increasing its value—a key move for a project with a $20.99M market cap and a token price of $0.073632 (CoinMarketCap, May 2025).

Recent News

PumpBTC has been gaining traction in DeFi. On April 16, they launched vePUMP, empowering holders to govern and earn rewards . The airdrop claim period ended April 30, but some users, like @zanxper, reported eligibility issues, highlighting operational challenges . Despite this, PumpBTC’s focus on security—partnering with custodians like Cobo MPC—sets it apart (Crunchbase).

Future Plans

PumpBTC aims to expand to EVM-compatible chains like Berachain and Base, broadening Bitcoin staking opportunities (CoinMarketCap). Upcoming governance votes may include liquidity incentive allocations, further decentralizing decision-making.

Onchain Data

Limited onchain data is available, but $PUMP’s 24-hour trading volume hit $9.51M, reflecting strong market interest (CoinMarketCap). Staking metrics for vePUMP aren’t public, but the protocol’s Babylon yield integration suggests steady returns for stakers.

Community Sentiment

X reactions are mixed. @0xKevlar’s “Your Vote Matters” post shows enthusiasm , but @zanxper’s experience hints at community frustration. Overall, the vote has sparked active discussions on Bitcoin DeFi’s future.

Risk Disclaimer

Governance voting is low-risk, but token burns can lead to price volatility. Ensure your wallet is secure when interacting with protocols.