๐ BNB Chain plans to enable native liquid staking on its BNB Smart Chain (BSC) as it transitions away from the BNB Beacon Chain.
๐ The BNB Beacon Chain is set to shut down completely by June 2024, with its functions migrating to BSC before closure.
๐ง Liquid staking on BSC will allow users to secure the network while maintaining liquidity of their assets, with a rollout expected in April or May.
๐ BNB Chain sees this move as a way to streamline the network, enhance efficiency, reduce security risks, and cater to current technological demands, aligning with the sunset of BNB Chain Fusion.
๐ผ Liquid staking enables users to engage in decentralized finance activities without compromising asset utility, as they receive liquid staking tokens representing their staked crypto assets.
โ๏ธ Users can delegate their BNB to a liquidity pool or validator, enhancing network security and offering increased flexibility in staking assets.
๐ฐ Liquid staking and maximum extractable value (MEV) optimization will be rolled out together, providing validators with the opportunity to boost staking returns through MEV revenue.
๐ BNB Chain aims to make the BNB Chain more attractive to users and provide more options for staking BNB.
