Jessie A Ellis
14 Aug 2024 15:45
Learn how liquid staking via slisBNB can increase BNB rewards, improve fund utilization, and secure the BNB chain network.
Liquid staking is gaining attention as a way to maximize the utility and returns of cryptocurrency holdings. According to a recent post on the BNB Chain Blog, Liquid staking via slisBNB provides an attractive way for BNB holders to optimize their assets.
Benefits of Liquid Staking via slisBNB
Liquid Staking allows users to stake tokens on the protocol and receive an equivalent amount of a tradable asset known as Liquid Staking Tokens (LST). For BNB holders, this means improved capital utilization and enhanced ecosystem security.
For BNB holders
- Improved Fund Utilization: By leveraging liquid staking, BNB holders can ensure their assets actively yield on and off chain.
- Ecosystem Security: As an LST, slisBNB acts as a pledge and contributes to network security, thereby supporting the integrity and security of the chain.
For ecosystem development
- participation: BNB holders are encouraged to actively participate in on-chain projects and promote the development of the entire cryptocurrency environment.
- Network Security: Staking BNB on validator nodes strengthens the blockchain’s consensus mechanism and security, making network attacks more expensive and less likely to be attacked.
- Participation in governance: Staking often involves voting rights, allowing users to participate in decision-making processes such as protocol upgrades.
Earn rewards from both CeFi and DeFi
To foster a healthier BNB ecosystem, Binance Launchpool has extended the benefits of BNB on Binance Exchange to the decentralized world through DeFi BNB asset features. Holding supported BNB assets such as slisBNB in your Binance Web3 MPC Wallet will count towards your Launchpool BNB holdings for additional rewards.
Liquid Staking Guide with slisBNB
Liquid staking with slisBNB is simple.
Using Binance Web3 Wallet
- Step 1: Click “Find” → “dApps”.
- Step 2: Search for “ListaDao protocol” (lista.org)
- Step 3: Click “BNB Staking” → Enter “BNB Liquid Staking” → Stake BNB.
Other Wallet Solutions
- Step 1: movement Lista’s BNB Liquid Staking PageConnect your wallet.
- Step 2: Enter the amount of BNB you want to stake, click “Stake”, then confirm the transaction to receive slisBNB.
- Step 3: In your browser wallet, click “Get Tokens” and then scroll to the end of the tokens page.
- Step 4: You can check your slisBNB balance by pasting the contract address of slisBNB (0xB0b84D294e0C75A6abe60171b70edEb2EFd14A1B) into “Token Contract Address” and clicking “Add Custom Token”.
Why you need both BNB staking and Liquid staking
BNB staking and liquid staking play complementary roles in the ecosystem.
| BNB Staking | Liquid Staking | |
|---|---|---|
| Security and network stability | It ensures network security by providing incentives for validators to participate in the consensus process. | Strengthens the robustness of the network by encouraging decentralization and allowing liquidity. |
| economic incentives | Staking BNB will allow you to receive rewards in the form of additional BNB. | Liquid staking provides returns from transaction fees and mining rewards. |
| Ecosystem Growth and Development | Rewards earned from staking BNB can be reinvested in the ecosystem. | Supporting the growth of DeFi by providing essential liquidity to financial products and services. |
| Long-term importance | Continuous staking ensures a secure and reliable network. | With more staking options, the BNB chain will appeal to a wider range of users. |
conclusion
Staking Liquid via slisBNB provides a seamless way to fully utilize the potential of BNB and enjoy the benefits of both Binance.com and BNB Chain. This method allows users to enjoy the benefits of both centralized and decentralized platforms at the same time, enhancing the overall BNB experience.
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