BNB Smart Chain Includes Native Liquid Staking
Key Takeaways
- BNB Chain plans to enable native liquid staking on BNB Smart Chain between April and May to streamline operations, enhance network security, and provide greater asset liquidity.
- This is part of a strategy to transition functionality on the BNB Beacon Chain, which is scheduled to close by June 2024.
- Along with liquid staking, BNB Chain will introduce MEV optimization.
BNB Chain has revealed its plans. to Introducing native liquidity staking on BNB Smart Chain (BSC).
Expected to be activated between April and May, the feature aims to: Streamline operations, enhance network security, and provide greater asset liquidity.
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These changes are part of our next strategy. Functional transition of BNB beacon chain, This is because it is scheduled to be closed by June 2024.
BNB Chain’s announcement explains:
Liquid staking on the BNB Chain allows participants to protect the network while maintaining the liquidity of their assets. By issuing liquid staking tokens representing staked BNB, users can participate in DeFi activities without sacrificing the utility of their assets.
According to BNB Chain’s core development team, this integration aim attract more users It offers increased usability and flexibility in how you manage and stake your assets.
Moreover, stakeholders Option to delegate BNB directly to validators or liquidity pools.
BNB Chain along with liquid staking We introduce the Maximum Extractable Value (MEV) optimization function. This allows validators to increase their staking profits through additional MEV yields added to their liquidity staking rewards.
These updates aim to provide a more adaptable staking experience and better serve the BNB Chain community as we transition from the BNB Beacon Chain.
In related news, BNB Chain recently introduced a new Rollup-as-a-Service (RaaS) solution to simplify layer 2 network construction on the blockchain.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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