# Why Binance Liquid Staking with Ankr?

Instant Liquidity Using Ankr Staking is the best way to stake BNB as you can access instant liquidity in the form of the ankrBNB token. Avoiding locking your tokens up with the BNB Chain 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.

*ankrBNB is a reward-bearing token, meaning that the fair value of 1 ankrBNB token vs. BNB increases over time as staking rewards accumulate.

# Boosted yields

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).

# No technical knowledge is 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-bearning ankrBNB token. Enhanced decentralization Our BNB Liquid Staking will not use only Ankr validator nodes to stake the BNB from users. Ankr Staking will select several suitable and reliable BNB Chain validators, making BNB Liquid Staking as decentralized as possible. This means that Ankr will not contribute to giving any party more influence over the BNB Chain network as the BNB will be spread over a wide variety of nodes. Ultimately, the goal is to have Ankr governance decide on the target allocation to different validator nodes.

# Contribute to the security of the BNB Chain 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 BNB Chain ecosystem to help the network achieve optimal decentralization. Diversity and decentralization of active validators both ensure the network remains as secure as possible.

# More flexibility

If you would like to unstake your BNB, you can choose the “unstake” option at any time on the Ankr Staking platform. After you select unstake, you will need to wait up to 7–10 days before you can claim your funds. This creates a more robust price stability mechanism for BNB Liquid Staking, where any price deviation of ankrBNB vs. its fair value will create trading opportunities that can be exploited by redeeming ankrBNB (unstaking BNB) or minting ankrBNB (staking BNB). That means if you could potentially buy ankrBNB at a discount on a DEX and unstake it on Ankr Staking at its fair value to make a profit! Therefore, ankrBNB price stability will depend less on the size of liquidity pools and associated rewards. Borrowing and lending the ankrBNB tokens will also allow users to borrow against their ankrBNB assets in exchange for assets like BNB that can be restaked or used for additional earning strategies. Or, lend your ankrBNB assets in return for interest paid by borrowers.

Ankr Staked BNB

BNB Smart Chain (BEP20)

PancakeSwap

Trust Wallet Token

SafePal

BinaryX

Beldex

Metars Genesis

Sleepless AI

Velo

Open Campus

Solidus Ai Tech

ChainGPT

Hooked Protocol

TokenFi

MetFi

Absolute Sync

ivendPay

Thunder Brawl

Arker

Cakepie

Jinbi Token

Future1coin

SoPay

MyToken

Yobit Token

D Community

KingXChain

Wrapped Astar

MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX was first announced in August 2019, and its mainnet went live in July 2020.