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.
