Launching SBF staking pool and optimizing existing pool rewards
Dear Steak Community,
We have heard you and appreciate your support and feedback. While we have been busy designing our next version’s upgrades and having discussions on how we can further improve them, we have decided to launch and implement the single-sided staking of SBF first.
You can stake your SBF now!
SBF Pool
We will be launching the single SBF Pool on the 16th of June 2021, at 4 am UTC. A total of 26,315,789 SBF will be distributed over a period of 90 days.
SBF/BUSD Pool
The next SBF/BUSD pool will be implemented on 16th of June 2021, at 4 am UTC , and a total of 71,997,703 SBF will be distributed over a period of 90 days.
LBNB/BNB Pool
As for the next LBNB/BNB pool, it will be implemented on 16th of June 2021, at 4 am UTC , and a total of 105,263,157 SBF will be distributed over a period of 90 days.
About SteakBank
SteakBank is a Binance Smart Chain (BSC) liquid staking platform. It allows derivative tokens to be issued on the BSC blockchain through the BEP20 standard. These representative tokens can then be used for liquidity farming or as collateral for decentralized lending, enabling users to earn multiple income streams from one single asset.
A simple yet powerful project, SteakBank aims to solve the liquidity issue found in the current DeFi sector. Currently, when users stake with validators, their tokens are locked up and unable to be used for other yield generation purposes such as liquidity providing, or lending. SteakBank is able to solve this problem and improve user’s capital efficiency.
Steakbank not only benefits token holders and project ecosystems by optimizing capital efficiency but also allows the communities to earn additional income without the need for further token allocation.
Steakbank’s native token, SBF, will also be rewarded when users stake their liquid token in SteakBank’s liquidity pool.
