🔗 BNB Chain plans to enable native liquid staking on its BNB Smart Chain (BSC) as it transitions away from the BNB Beacon Chain.
📅 The BNB Beacon Chain is set to shut down completely by June 2024, with its functions migrating to BSC before closure.
💧 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.
🚀 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.
💼 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.
⚖️ Users can delegate their BNB to a liquidity pool or validator, enhancing network security and offering increased flexibility in staking assets.
💰 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.
🔄 BNB Chain aims to make the BNB Chain more attractive to users and provide more options for staking BNB.
