Press Release: Thursday, May 19 2022, 13:15 CAT | Source: BNB Chain
BNB Chain, the protocol that boasts the highest volume of users and transactions in Web3, announced that they will be providing investment, community and infra support to all the builders during the challenging times that some developer teams are experiencing. BNB Chain believes that Web3 will emerge stronger than ever, especially for teams building on the strong foundations of the most thoroughly tested blockchain: close to 3 billion transactions and no downtime.
One of the Terra eco system projects, Stader Labs that builds liquid staking solutions, currently on 4 blockchains, is adding BNB liquid staking to its infrastructure soon. Now users can stake BNB in Stader and receive the staking yield through Stader. In addition, Stader issues a staking derivative BNB representing the staked BNB which users can use in DeFi protocols.
Amitej Gajjala, CEO of Stader Labs: “Given the volatility of the market, we are pleased about the BNB Chain community’s initiative to support builders. In addition, we are integrating BNB Liquid Staking into our infrastructure. We at Stader will allow users to stake BNB and get the staking yield via Stader. Additionally, Stader issues a derivative BNB representing the staked BNB that users can utilize in DeFi protocols. This can unlock billions of dollars of staked BNB and fuel the DeFi ecosystem on the BNB Chain.”
BNB Chain will actively help projects accelerate their growth, and provide access to investments from the $1B BNB Chain Fund and other grants. They also mentioned they will provide dedicated support to projects migrating from the Terra ecosystem to build on the BNB Chain. Teams will enjoy privileged access to network support, marketing, business development, and tokenomics support.
On the technical side, there are benefits stemming directly from BNB Chain’s design, with low gas fees allowing developers to minimize operation costs, a block time of just 3 seconds, and unprecedented reliability with no downtime since BNB Chain’s launch.
In addition, there are significant infrastructure upgrades on the roadmap, such as BAS (our Application Sidechains) that allows developers to deploy their own blockchain parallel to BSC, operating on custom gas fees and with a custom validator set. This same upgrade will also enable ZkRollups on the zkBAS chain.
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This article is a Press Release received from BNB Chain. Global Crypto did not receive any form of compensation for its publication, and as this material is deemed newsworthy for the Southern African blockchain industry, it was thus published accordingly.