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BNB Smart Chain to Include Native Liquid Staking

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 Smart Chain to Include Native Liquid Staking

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.

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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.

Aaron S. , Editor-In-Chief
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.

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