BNB Chain: Ecosystem & Staking Overview
Originally published July 13, 2022.
As blockchain adoption has continued to soar, so has the demand for highly efficient and scalable solutions. Innovation is accelerating and the industry is becoming increasingly competitive as users flock to find networks that best cater to their UX needs.
Binance, the world’s largest cryptocurrency exchange and an industry leader, took a massive leap forward with the development of its BNB Chain — an efficient, scalable blockchain network and ecosystem that’s made waves in the crypto space.
Today, it stands as one of the most prominent and utilized blockchains in the industry, offering a seamless user experience along with advanced features and technology optimized for retail users and developers alike.
To better understand the BNB Chain and its strong rise to prominence, we’re providing an in-depth review of the BNB Chain network, key statistics, BNB token utility and staking, as well as currently available stake pools.
Read the full article on our official blog here: https://bit.ly/3zuBqPF
About pSTAKE
pSTAKE is a liquid staking solution that unlocks the potential of staked PoS assets (e.g. ATOM). PoS token holders can stake their tokens via the pSTAKE application to receive stkASSETs (ERC-20 representative assets of the respective underlying tokens) that can then be transferred to other wallets or smart contracts on the Ethereum network to generate additional yield.
Currently, pSTAKE issues ERC-20 liquid staking representative tokens on the Ethereum network, with a long-term aim of building a multi-chain protocol issuing liquid staked representatives on multiple networks including the Persistence Core-1 chain.
We have a bag full of new features and an exciting roadmap for the coming months, so follow our socials below to stay up-to-date with the latest developments.
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Developed by Persistence
Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.
Persistence facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.
Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.
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