Liqee Announces Lending Support to rBNB on Binance Smart Chain
We are thrilled to announce the extension of lending support to BNB and rBNB on Binance Smart Chain. As the first liquid staking BNB on Binance Smart Chain, rBNB users can earn staking rewards with 7/24 liquidity and DeFi flexibility. Partnering with StaFi and dForce, we could offer BNB stakers a great opportunity to enhance their staking yield, as well as higher saving yield for BNB holders.
Less than a month after launch, Liqee is now the world’s largest lending protocol for liquid staking assets, with a total supply of $32 million.
To facilitate a smooth bootstrap, we have partnered with StaFi and dForce in launching a 3-in1 liquidity mining initiative on both Ethereum and Binance Smart Chain, where users can mine LQE, FIS, and DF by participating in lending, borrowing, and minting activities. Click here to read more about Liqee liquidity mining and check out the latest gauge through our Forum.
Liqee is the best lending marketplace for liquid staking tokens, where holders can obtain approximately 3x staking yields by borrowing against your deposit for leveraged staking.
What are BNB and rBNB?
BNB powers the Binance ecosystem and is the fourth-largest cryptocurrency by market cap at over $71
rBNB token is the synthetic staking derivative issued by StaFi when they stake BNB through the StaFi rBNB App. rBNB tokens are anchored to the staked BNB assets and the corresponding staking rewards. Like other rTokens, rBNB tokens can be transferred and traded at any time. Click here to read more about rBNB.
How to Earn Additional Yields on My Staked BNB through Liqee?
By extending lending support to BNB and rBNB, users can create multiple strategies across different protocols to further optimize yields on their staked BNB, including:
- Lend rBNB to mine LQE and FIS on top of staking rewards
- Borrow BNB against deposited rBNB for leveraged staking (use the borrowed BNB to mint more rBNB, you can repeat previous steps to further improve your staking rewards)
- Borrow or mint stablecoins against deposited rBNB
- Arbitrage across different platforms (i.e., borrow BNB from dForce to mint rBNB and supply to Liqee for higher yields)
The proposed parameters of BNB and rBNB are as follows:
A total of 18,000 LQE and 2,000 FIS will be allocated to BNB and rBNB per week to incentivize lending and borrowing. StaFi will be giving away $1,000,000 FIS to encourage the minting of rBNB through their APP, and 10,000 DF per week will be contributed by dForce to reward lending and minting USX on Liqee. Please note the distribution schedule will be reviewed and adjusted on a weekly basis, please visit our forum to view the most up-to-date gauge.
More assets are under evaluation for listing! If you would like to see your favorite PoS tokens supported on Liqee, make sure to let us know through our Forum!