BNB Smart Chain Introduces Native Liquid Staking For DeFi Growth.

BNB Smart Chain Introduces Native Liquid Staking For DeFi Growth.


As the cryptocurrency landscape continues to evolve, BNB Smart Chain recognizes the importance of adapting to meet the needs of its growing user base. By sunseting the BNB Beacon Chain and migrating all validators to BNB Smart Chain (BSC), the platform aims to streamline operations, boost efficiency, and mitigate security risks.

The liquid staking feature makes it so that users can engage in decentralized finance activities in quite the unusual way.

BNB Chain, a decentralised smart contracts network, will soon enable native liquid staking on the BNB Smart Chain (BSC), according to details shared in a blog post today. The move comes as BNB Chain looks to fully transition all functionality from the Beacon Chain via the BNB Chain Fusion.

The BNB Chain ecosystem has announced the addition of native liquid staking to BNB Smart Chain.

The BNB Chain core development team said the move aims to streamline the network and improve efficiency.

Crypto News & Headlines

BTC-e Operator Pleads Guilty To Money Laundering Charges In The U.S.


Alexander Vinnik, co-founder of former crypto exchange BTC-e, has admitted to conspiring to launder money. This marks a significant development in a l

Trending on 5th May 2024 02:13 PM

Potential Bitfinex Data Leak Threat Denied By CTO


FSOCIETY claimed to have stolen data from Bitfinex, but the exchange's CTO confidently called it fake, denying a security breach. The alleged hackers

Trending on 5th May 2024 02:24 AM

Tesla Accepts Dogecoin As Payment, Driving Price Surge


Elon Musk's Tesla now accepts Dogecoin as a payment option on its website for merchandise purchases. The addition of Dogecoin, a favorite among the cr

Trending on 4th May 2024 08:24 PM

Ripple CEO Defends XRP And Ethereum As Non-Securities Amid SEC Scrutiny


Ripple CEO Brad Garlinghouse publicly supports Ethereum amidst SEC scrutiny, criticizing Chairman Gary Gensler and highlighting the importance of clea

Trending on 4th May 2024 06:52 PM

LayerZero Introduces Self-reporting Mechanism To Combat Sybil Activity.


LayerZero Labs is addressing sybil activity with a self-reporting mechanism, allowing users to confess to airdrop farming in exchange for 15% of their

Trending on 4th May 2024 12:44 PM