BNB Chain to Enable Native Staking on BNB Smart Chain (BSC) following Beacon Chain Sunset

(Press release – Dubai, United Arab Emirates, April 25, 2024)

All validators will be migrated from Beacon Chain to BSC, enabling high APY native storage on BSC and MEV based features.

BNP Seriesa community-driven blockchain ecosystem that includes The world's largest smart contract blockchainToday announced the addition of a native liquid stake (LSDFi) on BNB Smart Chain (BSC) as a result of BNB Chain Sunset.

By enabling high-APY native staking on BSC as well as enhanced MEV rewards, liquid staking on BNB Chain will allow participants to secure the network while maintaining the liquidity of their assets. By issuing liquid tokens representing accumulated BNB, users can participate in DeFi activities without sacrificing the utility of the asset. LSDFi is scheduled to integrate between April and early May of 2024.

The addition of the native stake to the BSC is enabled by the termination of the BNB Beacon Chain, which is scheduled to be completed in late June of 2024. The termination of the Beacon Chain includes the migration of all BNB Beacon Chain functionality to the BSC to simplify the network, improve efficiency, reduce security risks, and harmonize the BSC architecture. BNB Chain with current technological requirements and future growth plans.

Adding the original liquid share to the BSC will also bring the following benefits:

• Enhanced benefits for commissioners: Delegates have the opportunity to benefit from LSDFi and MEV. The daily compound staking rewards, combined with MEV income streams, suggest that BNB Chain could be an attractive platform for investors. Additionally, Commissioners can now participate in direct voting on the BSC, an option that was not available prior to BC Fusion.
• Increase flexibility: Liquid staking tokens allow users to participate in other DeFi protocols without sacrificing their staking returns, providing greater flexibility and efficiency in asset management. In addition, it will increase BNB management and application scenarios
• Expanding the auditor base: With the primary three-way voting power of validators and incentives for LSD/LRT partners, there is expanded opportunity for participants to influence decisions and benefit financially. This transition calls for new auditors, especially those involved in LSD and LRT protocols such as Lido And Renzo. This expansion diversifies the network's expertise and innovation, strengthening the BNB blockchain ecosystem.

BNB Chain is simultaneously improving its MEV offering. There are currently 3 main MEV solutions in the BNB Chain ecosystem – they are: strong, com.txBoostAnd BloxRoutes. To standardize MEV solutions in the ecosystem, BNB Chain proposed BEP 322 to implement a PBS (Proposal Builder Separation) mechanism on the BSC, inviting leading blockchain entities to participate in MEV supply chain solutions. This proposal introduces a standard builder API to allow validators to integrate with multiple builders, enhancing competitiveness and improving the MEV market on BNB Chain.

Users can learn more about the liquid stacking process on BSC here.

About BNB Chain

BNP Series It is a community-based blockchain ecosystem that works to remove barriers to Web3 adoption. It consists of:

• BNB Smart Chain (BSC): A secure DeFi center with the lowest gas fees of any EVM-compatible L1 level; Serves as an ecosystem management chain.
• opBNB: L2 scalability that delivers the lowest gas fees of any L2 and fast processing speeds.
• BNP Greenfield: It meets the decentralized storage needs of the ecosystem and allows users to create their own data marts.

Setting high standards of security, AvengerDAO The community protects BNB chain users while… Red alert Provides a real-time risk scanner for Dapps. The ecosystem also offers a range of cash rewards and ecosystem rewards as part of its system Construction support program.

For more, users can follow the BNB chain on X Or start exploring via BNB Dab library.