Ankr Staked BNB price

AnkrBNB

#124

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.
• 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 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 ankrBNB, meaning that you could potentially buy ankrBNB at a discount on a Decentralized Exchange and redeem it (unstake it) on Ankr Staking to extract its fair value back in up to 7–10 days (the BNB Liquid Staking unbonding period).