2024

Fusion

Beacon

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bnb-chain-sets-to-integrate-liquid-staking-on-bsc-by-2024" rel="noopener noreferrer nofollow">BNB Chain Sets to Integrate Liquid Staking on BSC by 2024</a><br></p>
<p style="text-align: justify">In a recent development, the <a href="https://en.bitcoinhaber.net/binance-coin-bnb-on-the-rise-analysis-and-predictions" rel="noopener noreferrer nofollow">BNB</a> Chain team has revealed plans to integrate a native liquid staking service into the <a href="https://en.bitcoinhaber.net/binance-founder-detained-in-u-s-over-money-laundering-allegations" rel="noopener noreferrer nofollow">Binance</a> Smart Chain (BSC) network. This integration is scheduled as part of the phased shutdown of the BNB Beacon Chain, which is set to cease operations entirely by June 2024. The introduction of this service aims to enhance network <a href="https://en.bitcoinhaber.net/socket-protocol-recovers-majority-of-stolen-funds-after-hack" rel="noopener noreferrer nofollow">security</a> while ensuring that asset liquidity remains unaffected.</p>
<h2 id="enhancing-network-operations">Enhancing Network Operations</h2>
<p style="text-align: justify">The decision to enable liquid staking on BSC is anticipated to occur between April and May, although no exact date has been confirmed. Liquid staking permits ecosystem participants to contribute to network security without needing to lock up their assets, thereby maintaining fluidity in asset utilization. This strategic move is expected to streamline functionalities, boost efficiency, and reduce security risks by aligning with the latest technological demands.</p>
<p style="text-align: justify">As part of the transition, the BNB Chain core development team has outlined that the integration aligns with the end of the BNB Chain Fusion process. This process is designed to make the network more robust and attractive to users by allowing them to partake in decentralized financial operations without sacrificing the utility of their assets.</p>
<h2 id="flexibility-and-security-for-users">Flexibility and Security for Users</h2>
<p style="text-align: justify">The upcoming service will enable BNB holders to either transfer their assets directly to a validator or place them into a liquidity pool. This flexibility is geared towards providing more options for users in how they manage staking. Furthermore, the BNB Chain team highlighted that participating in liquidity staking would not only reward stakers but also enhance the overall security of the network.</p>
<h3 id="points-to-take-into-account">Points to Take into Account</h3>
<ul>
 <li>Liquid staking on BSC allows users to maintain liquidity of their assets while securing the network.</li>
 <li>This feature aligns with BNB Chain’s growth strategies and technological upgrades.</li>
 <li>Participants can anticipate gaining liquidity provider tokens, enhancing participation within the BNB ecosystem.</li>
</ul>
<p style="text-align: justify">In addition, validators who enable liquid staking are poised to benefit from increased staking returns through maximum extractable value (MEV) optimization, which will be integrated alongside liquidity staking. This setup proposes a dual benefit of enhanced returns and reinforced network security, marking a significant milestone in the evolution of the BNB Chain network.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bnb-chain-sets-to-integrate-liquid-staking-on-bsc-by-2024" rel="noopener noreferrer nofollow">BNB Chain Sets to Integrate Liquid Staking on BSC by 2024</a></h5>

BNB Chain Sets to Integrate Liquid Staking on BSC by 2024

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