As someone who has closely followed the developments in the BNB Chain ecosystem, I’m excited about the upcoming addition of native liquid staking to BNB Smart Chain. The planned implementation of Liquid Staking Integration (LSDFi) is a significant step towards the final shutdown of the BNB Beacon Chain in June 2024.
The BNB Chain ecosystem has announced the addition of native liquid staking to BNB Smart Chain.
The BNB Smart Chain (BSC) team has revealed plans to integrate Liquid Staking Functionality (LSDFi) during the months of April and early May.
As an observer, I can share that come June 2024, LSDFi (likely referring to Liquid Swap Decentralized Finance on Binance Smart Chain) will mark a significant step in the process leading up to the ultimate shutdown of the BNB Beacon Chain. This transition aims to streamline operations by shifting all functions to the Binance Smart Chain (BSC). The benefits include enhanced network optimization, improved efficiency, and reduced security risks.
I’ve been observing the upcoming BNB Chain Fusion with great interest. This event aims to revolutionize the BNB Chain ecosystem by bringing all Beacon Chain activities to the BNB Smart Chain (BSC). By merging these two chains, we can expect improved operational efficiency and smoother user experience.— BNB Chain (@BNBCHAIN) April 25, 2024
Users have the opportunity to collect daily LSDFi rewards, as well as income from MEV and involvement in various Decentralized Finance (DEFi) platforms. This accumulated earnings enable the BNB Chain community to broaden its validator pool via triple voting, while acknowledging the efforts of partners engaged in liquid staking with incentives.
Validators can derive extra benefit from block creation with MEV. Furthermore, after the fusion process, validators will initially experience a threefold increase in their voting influence, improving their prospects for proposing new blocks.
BNB Chain team
The BNB Chain team has proposed BEP-322 to bring uniformity to MEV (Minimum Excellent Value) solutions on their network. This proposal introduces the Proposer Builder Separation (PBS) mechanism, enabling validators to work with various tools through a standard constructor API. By implementing this change, the BNB Chain aims to boost competition and enhance the efficiency of the MEV market.
I’ve observed that as part of the outlined plan for the year 2024, the BNB Chain team intends to enhance state and data storage efficiency. They will achieve this by adopting the PBSS (Persistent Bottleneck State Sharding) model and upgrading EVM (Ethereum Virtual Machine) to version 3.0 for node operators and validators.
The developers will also introduce BNB Greenfield 2.0, which aims to increase network performance, add new features to improve the development experience, and build a more specific data storage and usage infrastructure.
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2024-04-25 18:28