BNB Smart Chain to Include Native Liquid Staking

By
-
0
821

 ​[[{“value”:”

Key Takeaways

BNB Chain plans to activate native liquid staking on its BNB Smart Chain between April and May, aiming to streamline operations, enhance network security, and provide greater asset liquidity.;
This is part of a strategy to transition functionalities from the BNB Beacon Chain, which is set to shut down by June 2024;
Alongside liquid staking, BNB Chain will introduce MEV optimization.

BNB Chain has revealed plans to introduce native liquid staking on its BNB Smart Chain (BSC).

This feature, anticipated to activate between April and May, aims to streamline operations, enhance network security, and provide greater asset liquidity.

Did you know?

This change is part of a strategy to shift functionalities from the BNB Beacon Chain, as it is planned to shut down by June 2024.

BNB Chain’s announcement explains:

Liquid staking on BNB Chain allows participants to secure the network while maintaining liquidity of their assets. By issuing liquid staking tokens that represent staked BNB, users can engage in DeFi activities without sacrificing asset utility.

According to BNB Chain’s core development team, this integration aims to attract more users by offering improved utility and flexibility in how they manage and stake their assets.

Moreover, stakeholders will have the option to delegate their BNB either directly to validators or a liquidity pool.

Alongside liquid staking, BNB Chain will introduce maximum extractable value (MEV) optimization features. This allows validators to increase their staking profits through additional MEV revenue, which will be added to the liquidity staking rewards.

These updates aim to provide a more adaptable staking experience and better serve the BNB Chain community as they transition from the BNB Beacon Chain.

In related news, BNB Chain has also recently introduced a new Rollup-as-a-Service (RaaS) solution to simplify the building of Layer-2 networks on the blockchain.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


All Expert Contributors & Analysts

“}]] 

Post Disclaimer

The information provided in our posts or blogs are for educational and informative purposes only. We do not guarantee the accuracy, completeness or suitability of the information. We do not provide financial or investment advice. Readers should always seek professional advice before making any financial or investment decisions based on the information provided in our content. We will not be held responsible for any losses, damages or consequences that may arise from relying on the information provided in our content.

LEAVE A REPLY

Please enter your comment!
Please enter your name here