Binance Integrates the pSTAKE Ecosystem to Offer Liquid Staking on the BNB Chain Network

By partnering with protocols such as pSTAKE, BNB Chain has continued growing and strengthening its position in the crypto market

Binance, with the creation of its proof-of-stake (PoS) chain, has been growing steadily since the beginning of its launch. Now called BNB Chain, BNB is a multi-chain network that has been created to make it easy for developers to access and continue developing decentralized and scalable applications on the chain. 

TL;DR

• Binance is a proof-of-stake chain

• The pSTAKE protocol offers a liquidity system for users

• Persistence is a specialized Layer 1 solution company focused on creating a liquid staking economy for PoS assets

• By staking BNB tokens on the pSTAKE protocol, the generated stkBNB can be used with dApps like Alpaca, PancaKeswap, Beefy

As a benefit of being a multi-chain, thousands of Apps have integrated into its network, which has undoubtedly driven continuous growth since 2019, currently positioning it as the third Layer 1 network just behind Bitcoin and Ethereum. By partnering with protocols such as pSTAKE, BNB Chain has continued growing and strengthening its position in the crypto market.