How BNBx works
Stake your BNB the simplest way possible. No minimums. No lockups. One-click staking
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How BNBx works
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BNB staking is the process of locking up BNB tokens in the BNB Chain to support network operations and earn staking rewards. There are two roles in BNB staking: validators and delegators.
Validators process transactions, maintain network security and require daily re-election by staking governance to continue being part of the validator set.
Delegators, on the other hand, stake their BNB to validator candidates, helping them achieve the minimum stake required by the protocol.
BNB staking follows a Proof of Stake (PoS) consensus mechanism, with transactions validated by stakers. To stake BNB on Stader as a user, first, ensure you have BNB in your wallet and connect it to the Stader DApp. Once connected, you can stake BNB and receive BNBx as a liquid token, which can be used for various DeFi activities.
Stader Labs offers a reliable and efficient method for staking BNB. As a trusted liquid staking solution, we allow users to accrue BNB staking rewards without the necessity of maintaining infrastructure. This also enables participation in other DeFi strategies while continuously generating rewards.
Here’s a step-by-step process of how to stake BNB on Stader:
Step 1: Connect and sign in to your wallet.
Begin by selecting the "Connect Wallet" option. A pop-up titled "Select Wallet" will be displayed. Then confirm your acceptance of the Terms of Service by checking the provided checkbox.
Now, choose the specific wallet you intend to connect with. Trust Wallet users can utilize "Wallet Connect" for this purpose. And for Metamask wallet users, you must first enter your password and then choose your desired account. Next, tap on the "Connect" button.
Step 2: Successful Wallet Connection.
Look at the top right corner of the dApp; it will exhibit your wallet address. Your BNB balance will be visible within the dApp.
Step 3: Staking begins.
Specify the total amount of BNB you want to stake. Now, verify the corresponding amount of BNBx you will receive. And lastly, click on the "Stake" button to proceed.
A prompt requesting your authorization will appear in your wallet. You need to approve the transaction. Once done, a pop-up will appear confirming the successful completion of the transaction. Just verify the updated BNBx balance in your wallet, and you are good to go! You can also refer to this to understand how to liquid-stake BNB with Stader.
You can stake any amount of BNB with Stader.
The security of our liquid staking solutions is paramount to us, and we continuously strengthen our safety. We are currently achieving top-notch security through the following efforts:
Stader’s smart contract accumulates the rewards offered natively from the staked BNB & restake them into the smart contract once a day, increasing the BNBx exchange rate. New BNBx tokens are only minted when a user deposits an equivalent amount of BNB into our smart contract.
The annualized rewards run rate typically depends on the rewards generated at the network level. You can also use the Stader BNB rewards calculator on the homepage to calculate your estimated reward potential. Apart from it, you can also participate in other DeFi protocols using BNBx to boost your rewards.
Staking rewards are accrued daily. The rewards are added daily to the BNB stake pool, and the exchange rate is updated immediately after the reward addition. Essentially, the exchange rate is updated every 24 hrs.
Yes, you can scroll above and use the BNB Staking Calculator. It allows you to estimate potential rewards for your staked BNB based on factors such as the amount of BNB being staked, the duration of the staking period, and the annual staking rewards for BNB staking.
Several benefits of staking BNB are:
Risks associated with staking BNB include:
Apart from it, not choosing the right validator and debugging issues could also serve as a risk.
As per the BNB network, after you send an unstaking request, you must wait 7 days before your BNB is unstaked and ready for withdrawal. This period starts at UTC 00:00 the next day.
Also, the network allows only a single unstaking request per address from a validator every 7 days. So to optimize the wait time, Stader collects all unstaking requests accumulated over a week and sends them once every week. Hence the maximum time you would have to wait would be 15 days (including 7 days of unbonding period).
After an unstake request is successful, an entry is created in the withdraw section with a release time. After the release time passes, the user can withdraw BNB to their respective wallet.
You can withdraw BNB by unstaking BNBx. On the Stader dApp, at the Withdraw Section, you will find the release time mentioned. It is the user's local time for active withdrawals, post which the ‘withdraw’ button is activated. Note that the release time is the unstaking time at which the user's unstaking request is successful, including the unbonding time.
BNB, or Binance Coin, is a cryptocurrency created by Binance, one of the world's largest cryptocurrency exchanges. The coin was first launched in 2017 and was initially issued as an ERC-20 token on the Ethereum blockchain, but it eventually migrated to its proprietary blockchain, Binance Chain, in 2019.
BNB is used for various purposes within the Binance ecosystem. For instance, it can be used to pay for trading fees on the exchange, participate in token sales hosted on Binance Launchpad, and more. BNB also powers the Binance Smart Chain, a blockchain platform for creating and executing smart contract-based applications, where it is used for transactions and computational services.
Staking is like a way to earn rewards by helping to verify and secure transactions on a blockchain network. It involves holding a specific cryptocurrency in a digital wallet and using it to support the network's operations. By doing this, you contribute to the network's stability and security.
In the context of BNB, it involves holding BNB tokens in a suitable wallet and participating in the network's operations.
BNB staking works on the Proof of Stake (PoS) consensus mechanism principle. In this mechanism, the probability of a staker (in this case, a BNB holder) validating a block of transactions is proportional to the amount of BNB they hold and are willing to "stake" as collateral.
When staking BNB, users may earn rewards for their participation in maintaining network security and validating transactions. These rewards often come in the form of additional BNB tokens.
Whether or not BNB is worth staking depends on an individual’s willingness to participate in securing the blockchain, risk appetite, and current market conditions.
To stake your BNB, transfer your BNB from the CEX to a compatible wallet.
Once the BNB is received in the wallet, you can access the Stader’s BNB dApp to initiate the staking process.
Several cryptocurrency wallets are available, and the best wallet for you will depend on your personal requirements for holding BNB coins. The most popular cryptocurrency wallets include MetaMask, Trust Wallet, and Ledger Nano X.