BNB Chain Unveils Plans for Fluid Staking and MEV on Binance Smart Chain

IconCrypto News Terminal25 Apr, 2024

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BNB Chain Unveils Plans for Fluid Staking and MEV on Binance Smart Chain

Binance-owned blockchain platform BNB Chain is set to introduce liquidity staking and Miner Extractable Value (MEV) capabilities to its Binance Smart Chain (BSC). This move comes amidst plans to phase out support for the BNB Beacon Chain by June. While the exact launch date is yet to be announced, the implementation is expected in May. By integrating liquidity staking, users will be able to stake their BNB tokens while still retaining their liquidity, allowing them to participate in network validation while earning rewards. The addition of MEV capabilities will enable validators to earn additional revenue by including profitable transactions in the blocks they produce. This will incentivize validators to engage in competitive bidding for block production, ultimately enhancing the security and efficiency of the BSC network. Previously on April 25, 2024, Cointelegraph reported that BNB Chain plans to implement liquidity staking and MEV capabilities on BSC in preparation for phasing out the BNB Beacon Chain.

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