BNB Chain Set to Introduce Native Liquid Staking Feature

“The BNB Chain ecosystem is poised to enhance its platform with the introduction of native liquid staking on the BNB Smart Chain (BSC). Scheduled between April and early May, the integration of Liquid Staking Integration (LSDFi) marks a significant preparatory step for the anticipated June 2024 shutdown of the BNB Beacon Chain.

The transition to BSC is set to streamline network operations, bolster efficiency, and fortify security measures. As detailed on the BNB Chain’s official Twitter account, the integration will facilitate daily accumulations of LSDFi rewards, coupled with earnings from Maximal Extractable Value (MEV) and participation in various decentralized finance (DeFi) protocols. This strategy is intended to broaden the validator base within the BNB Chain ecosystem by implementing a triple voting mechanism and incentivizing partners engaged in liquid staking.

The BNB Chain team emphasizes the role of MEV in allowing validators to derive additional value from block production. Following the fusion, a restructuring will initially triple the voting power of validators, thus improving their chances of being selected for block proposals.

In an effort to standardize MEV solutions, the BNB Chain has introduced proposal BEP-322, which incorporates the Proposer Builder Separation (PBS) mechanism into BSC. This standard constructor API will enable validators to seamlessly integrate with a variety of tools, enhancing competitiveness and refining the MEV market on the BNB Chain.

Further developments as per the 2024 roadmap include optimizations in state and data storage through the implementation of the PBSS model and EVM 3.0, aimed at node operators and validators. Additionally, the upcoming BNB Greenfield 2.0 will focus on increasing network performance, expanding development features, and establishing a more robust data storage and usage infrastructure.”

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