BNB Chain To Offer Dedicated Support To Projects From The Terra ecosystem To Build on BNB Chain; Stader Labs Adds BNB Liquid Staking to Its Infrastructure

May 17, 2022– 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 ecosystem projects, Stader Labs 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. 

Gwendolyn Regina, Investment Director at BNB Chain said: “It is a difficult time for many in the market, and we at BNB Chain want to welcome our fellow members of the wider crypto community into the BNB Chain ecosystem. We know you want to build, and we’ve put in place a solid support infrastructure to help you do so. We invite you to reach out to us to learn more about how you can build on the world’s most-used blockchain in terms of users and transactions, as well as how we can assist you in your journey to create the next wave of innovative crypto dApps.”

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. 

About BNB Chain

BNB Chain is a community-driven, decentralized and censorship-resistant blockchain, powered by BNB. It consists of BNB Beacon Chain and BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem. For more information on BNB Chain visit www.bnbchain.world

About Stader Labs

Stader Labs is a multi-chain multi-product staking platform with the vision to help network users stake their assets conveniently and safely. It does this by building key staking smart contract infrastructure for Proof-of-Stake (PoS) networks that can be leveraged for several customer segments including retail crypto users, exchanges and custodians. Stader’s modular smart contracts are built so that third parties can leverage their components and incorporate them into custom solutions. Stader has built native smart contracts across Terra, Polygon, Fantom and Hedera. Over 40k+ accounts have staked with the platform across these networks and the Stader community is 80k+ strong. Stader will be launching their staking platform on the BNB chain soon

Source : bsctimes.com

Leave a Reply

Your email address will not be published.

en_USEnglish