Why Liquid Staking is a Game-Changer for BNB

Within BNB Chain’s vast ecosystem, the BNB token plays a crucial role in maintaining the overarching network, acting as the fuel powering the ecosystem. Moreover, staking BNB is an essential mechanism for decentralized, on-chain governance and helps to maintain consensus while rewarding users for securing the network.

Currently, users can stake their BNB tokens directly on BSC (BNB Smart Chain), a core standalone blockchain component within the BNB Chain ecosystem, to help validate transactions and secure the network.

While the network needs to garner more robust security due to its current staking ratio (upwards of 11%), stakers are also making a tradeoff by being unable to participate in the boundless DeFi opportunities available within the BNB Chain ecosystem.

With liquid staking, the opportunity cost of staking or engaging in DeFi is essentially eliminated, allowing users to benefit from the best of both worlds. Read below to find out more about why liquid staking is ideal in the BNB Chain environment.

Read the full article on our official blog here: https://bit.ly/3xQfiOy

About pSTAKE

pSTAKE is a liquid staking protocol that unlocks liquidity for your staked assets. With pSTAKE, you can securely stake your Proof-of-Stake (PoS) assets, participate in protocol improvements and security to earn staking rewards, and receive staked underlying representative tokens (stkASSETs) which can be used to explore additional yield opportunities across DeFi.

At present, pSTAKE supports Binance Chain (BNB), Cosmos (ATOM), Persistence (XPRT), and Ethereum (ETH) networks’ native tokens, with a view to support more chains and assets in the future (SOL, and AVAX).