Unlocking BNB Rewards: Utilizing Liquid Staking with slisBNB

Liquid
staking
is
gaining
traction
as
a
method
for
maximizing
the
utility
and
returns
on
cryptocurrency
holdings.
According
to
a
recent
post
by
the
BNB
Chain
Blog,
liquid
staking
with
slisBNB
offers
a
compelling
way
for
BNB
holders
to
optimize
their
assets.

Benefits
of
Liquid
Staking
with
slisBNB

Liquid
staking
allows
users
to
stake
their
tokens
in
a
protocol
and
receive
an
equivalent
amount
of
tradable
assets
known
as
liquid
staking
tokens
(LSTs).
For
BNB
holders,
this
means
improved
utilization
of
funds
and
enhanced
ecosystem
security.

For
BNB
Holders

• 
  Improved
  utilization
  of
  funds:
  By
  leveraging
  liquid
  staking,
  BNB
  holders
  can
  ensure
  their
  assets
  are
  actively
  generating
  returns
  both
  on
  and
  off
  the
  chain.
• 
  Ecosystem
  security:
  As
  an
  LST,
  slisBNB
  helps
  secure
  the
  network
  by
  serving
  as
  a
  pledge,
  thus
  supporting
  the
  chain’s
  integrity
  and
  security.

For
Ecosystem
Development

• 
  Participation:
  BNB
  holders
  are
  encouraged
  to
  actively
  engage
  in
  on-chain
  projects,
  promoting
  the
  development
  of
  the
  entire
  crypto
  landscape.
• 
  Network
  security:
  Staking
  BNB
  in
  validator
  nodes
  enhances
  the
  blockchain’s
  consensus
  mechanism
  and
  security,
  making
  network
  attacks
  more
  costly
  and
  less
  likely.
• 
  Governance
  participation:
  Staking
  often
  comes
  with
  voting
  rights,
  allowing
  users
  to
  participate
  in
  decision-making
  processes
  like
  protocol
  upgrades.

Earn
Rewards
From
Both
CeFi
and
DeFi

To
foster
a
healthier
BNB
ecosystem,
Binance
Launchpool
has
extended
BNB
benefits
from
the
Binance
Exchange
to
the
decentralized
world
through
its
DeFi
BNB
Assets
feature.
Holding
supported
BNB
assets
like
slisBNB
in
your
Binance
Web3
MPC
Wallet
counts
towards
your
Launchpool
BNB
holdings
for
additional
rewards.

Guide
to
Liquid
Staking
with
slisBNB

Liquid
staking
with
slisBNB
is
straightforward.

Using
Your
Binance
Web3
Wallet

• 
  Step
  1:
  Click “Find”
  → “dApps”
• 
  Step
  2:
  Search
  for “ListaDao
  protocol”
  (lista.org)
• 
  Step
  3:
  Click “Stake
  BNB”
  →
  Enter “BNB
  Liquid
  Staking”
  →
  Stake
  your
  BNB.

Other
Wallet
Solutions

• 
  Step
  1:
  Go
  to
  
  
  Lista’s
  BNB
  liquid
  staking
  page,
  connect
  your
  wallet.
• 
  Step
  2:
  Enter
  the
  BNB
  amount
  to
  stake,
  click “stake,”
  and
  confirm
  the
  transaction
  to
  receive
  slisBNB.
• 
  Step
  3:
  In
  your
  browser
  wallet,
  click “import
  tokens,”
  then
  scroll
  to
  the
  end
  of
  your
  tokens
  page.
• 
  Step
  4:
  Paste
  slisBNB’s
  contract
  address
  (0xB0b84D294e0C75A6abe60171b70edEb2EFd14A1B)
  in “token
  contract
  address”
  and
  click “add
  custom
  token”
  to
  see
  your
  slisBNB
  balance.

Why
We
Need
Both
BNB
Staking
and
Liquid
Staking

BNB
staking
and
liquid
staking
serve
complementary
roles
in
the
ecosystem:

Conclusion

Liquid
staking
with
slisBNB
unlocks
the
full
potential
of
BNB,
offering
a
seamless
way
to
enjoy
the
benefits
of
both
Binance.com
and
BNB
Chain.
This
method
allows
users
to
benefit
from
both
centralized
and
decentralized
platforms
simultaneously,
enhancing
their
overall
BNB
experience.

Image
source:
Shutterstock