BNB Chain To Offer Support To Projects From Terra Ecosystem

BNB Chain is set to offer dedicated support to the Terra ecosystem after the hardships faced by projects and investors alike. 

BNB Lending a Hand

BNB Chain announced its intention to provide investment, community, and infrastructural support to builders operating on the Terra ecosystem. The assistance plan comes just a week after the massive crash of the Terra ecosystem.

BNB Chain confirmed the news to BSC News on May 17 and reiterated that they believe Web3 will come out of these difficult weeks stronger than ever. The future is bright for teams built on strong foundations, and with the BNB Chain seeing close to 3 billion transactions with no halt, the foundations appear ironclad.

“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,” Gwendolyn Regina, Investment Director at BNB Chain stated in an exclusive press release.

Stader Labs, a project devoted to building staking solutions and operating on four blockchains, will add BNB liquid staking to its offering. The move will allow the project to benefit from BNB Chain and will also be issuing a staking derivative BNB representing the staked BNB which users can then utilize in other DeFi protocols.

“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,” Amitej Gajjala, CEO of Stader Labs, explained.

BNB Chain’s initiative will be far-reaching and will look to aid projects in accelerating growth while providing access to the much-publicized $1 billion BNB Chain Fund. In addition, there will be dedicated support for projects migrating from the Terra ecosystem that are aiming to build on BNB Chain. 

These teams will then be able to utilize network support, marketing, business development, and even tokenomics support. With low gas fees allowing developers to be cost-effective and a three-second block time, there is a lot the teams can look forward to.

BSC News will be keeping close tabs on the teams that take BNB Chain up on their offer.

‍

What is 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.

Where to find Stader Labs:

Website | Twitter |

Source : bsc.news