Increase the liquid staking APY and provide additional benefits to users through enhanced MEV rewards, restaking, and liquid restaking. This will be a comprehensive, one-stop staking service that captures all the benefits from the ecosystem.
Challenge Description:
Ethereum has proven the success of liquid staking with over $46B in TVL. As one of the top blockchains, BNBChain is proactively promoting staking and liquid staking, currently with < $1B in TVL. MEV solution is enabled and adopted by 30+ validators, and some builders are actively working in this direction. This is expected to increase the staking APY by 5% to 10%.
At the same time, Restaking protocols like Karak and Binlayer have already launched on BNBChain, which will provide robust infrastructure for secure and efficient restaking of BNB. With these layers in place, BNBChain is fundamentally prepared to enhance and simplify the experience of liquid staking, restaking, and liquid restaking.
This innovative liquid staking layer will function as both the liquidity and aggregator layer for the entire staking service, streamlining and enhancing the overall staking experience.
Main Objectives/Goals:
Increase the liquid staking APY and provide additional benefits to users through enhanced MEV rewards, restaking, and liquid restaking. This will be a comprehensive, one-stop staking service that captures all the benefits from the ecosystem.
Challenge Description:
Ethereum has proven the success of liquid staking with over $46B in TVL. As one of the top blockchains, BNBChain is proactively promoting staking and liquid staking, currently with < $1B in TVL. MEV solution is enabled and adopted by 30+ validators, and some builders are actively working in this direction. This is expected to increase the staking APY by 5% to 10%.
At the same time, Restaking protocols like Karak and Binlayer have already launched on BNBChain, which will provide robust infrastructure for secure and efficient restaking of BNB. With these layers in place, BNBChain is fundamentally prepared to enhance and simplify the experience of liquid staking, restaking, and liquid restaking.
This innovative liquid staking layer will function as both the liquidity and aggregator layer for the entire staking service, streamlining and enhancing the overall staking experience.