BNB Liquid Staking from Ankr Earn offers instant liquidity for the BNB tokens you stake through our platform, enabling you to connect your staked assets to DeFi and create an opportunity to earn several extra layers of rewards.
The Binance Smart Chain (BSC) is one of the most popular blockchains in the world for building new projects, and it’s seen massive growth as a choice for developers to build on as it helps eliminate the high gas fees and slow speeds that have become associated with older chains like Ethereum.
The BSC has some distinct advantages with full EVM compatibility, fast transactions, low fees, more interoperability, and a powerful network. And now, earning more rewards while supporting the BSC network via staking has never been easier, thanks to BNB Liquid Staking from Ankr Earn.
Ankr Earn is all about simplifying the staking process while opening the doors for our users to earn more layers of income. Our newest product, BNB Liquid Staking, is designed to give you access to more ways to increase your potential rewards and boost your overall ROI from BNB assets.
BNB Liquid Staking is an enhanced method of staking on the Binance Smart Chain. Staking on Proof-of-Stake networks normally means you would need to lock your tokens up with a validator node. This isn’t ideal as your assets are now “illiquid” or unavailable to spend or earn in other places. Illiquidity is sometimes the price paid for making an APR with some financial strategies, but thanks to BNB Liquid Staking, it is totally avoidable.
With BNB Liquid Staking, Ankr will stake your BNB tokens with validator nodes we’ve selected while giving you back new aBNBb tokens (to be decided by governance in the future). This is an ERC-20 reward-earning token that will distribute staking rewards to your wallet daily through rebasing. In other words, your wallet’s aBNBb balance will increase daily to reflect your staking rewards.
The best part is, you can use your aBNBb tokens to generate many more layers of passive income when using it to perform liquidity mining, lending, yield farming, and any other strategies on DeFi platforms.
Using Ankr Earn is the best way to stake BNB as you can access instant liquidity in the form of the aBNBb token. Avoiding locking your tokens up with the BSC network is a big advantage — it allows you to use the value of your staked tokens to earn multiple layers of rewards on DeFi platforms and multiply your ROI potential. Yield farming, arbitrage trading, lending, and more will all be possible using the value of your staked assets.
As Liquid Staking solves the capital inefficiency problem of (Nominated) Proof-of-stake networks, it offers a way to earn additional rewards on your staked BNB, enabling new yield farming strategies. The main components of BNB Liquid Staking will be:
Liquidity mining opportunities are enabled by providing liquidity for pools in decentralized exchanges. The first main liquidity pools are expected to be aBNBb/BNB.Farming rewards for liquidity providers. Liquid Staking presents several yield farming strategies for users to contribute to liquidity pools and gain a share of the trading fees and governance tokens. These new LP tokens can be used to generate yet another layer of earnings.Staking rewards on farmed tokens. After using yield farming strategies, users can also reinvest their farmed LP tokens into more staking opportunities. This is a highly repeatable process as layers of rewards from farming and staking will quickly stack up.Yield aggregators /vaults can automate yield farming rewards and enable compounding returns with next to no effort from users. This is a great method for maximizing your passive income strategy.More trading opportunities are enabled thanks to the elastic supply nature of aBNBb, meaning that you could potentially buy aBNBb at a discount on a Decentralized Exchange and redeem it (unstake it) on Ankr Earn to extract its fair value back in up to 7 days (the BNB Liquid Staking unbonding period).
If you would like to unstake your BNB, you can choose the “unstake” option at any time on the Ankr Earn platform. After you select unstake, you will need to wait 7 days before you can claim your funds. During this time, your BNB will still be earning staking rewards. This creates a more robust price stability mechanism for BNB Liquid Staking, where any price deviation of aBNBb vs. its fair value will create trading opportunities that can be exploited by redeeming aBNBb (unstaking BNB) or minting aBNBb (staking BNB).
That means if you could potentially buy aBNBb at a discount on a DEX and unstake it on Ankr Earn at its fair value to make a profit! Therefore, aBNBb price stability will be less dependent on the size of liquidity pools and associated rewards.
The aBNBb tokens will also allow users to borrow against their aBNBb assets in exchange for assets like BNB that can be restaked or used for additional earning strategies. Or, lend your aBNBb assets in return for interest paid by borrowers.
No technical knowledge required
Receive an easier staking experience with no technical knowledge necessary. Liquid Staking makes staking as easy as a swap: exchange your BNB for the reward-earning aBNBb token.
Our BNB Liquid Staking will not be using only Ankr validator nodes to stake the BNB from users. Ankr Earn will select several suitable and reliable BSC validators, making BNB Liquid Staking as decentralized as possible. This means that Ankr will not contribute to giving any party more influence over the BSC network as the BNB will be spread over a wide variety of nodes. Ultimately, the end goal is having Ankr governance decide on the target allocation to different validator nodes.
Contribute to the security of the BSC network
Staking with BNB Liquid Staking allows you to play an important role in boosting the network’s security as a whole. Ankr’s BNB staking system distributes staked tokens intelligently across the BSC ecosystem to help the network achieve optimal decentralization. Diversity and decentralization of active validators both ensure the network remains as secure as possible.
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