The yields are expected to compound nicely with the latest staking feature from TENFinance.
Liquid BNB Staking from TENFinance
The feature, first announced in late December 2022, will give users seven different revenue streams to help boost their BNB yield without having to lock up their tokens for a specific period of time. Combining the various reward opportunities across the TENFinance and Lend Protocol ecosystem, users can maximize their yield while retaining the flexibility of normal staking.
“To put it briefly liquid staking gives you all the perks of regular staking whilst still allowing you the freedom of using your asset,” writes the December blog.
Users will be able to flip their BNB into a liquid version called BNBy. With BNBy, users can compound their staking across seven different features to maximize gains. The passive income grows and grows with each opportunity.
There is no announced launch date for the Liquid Staking system. However, the team confirmed the exciting feature is “coming soon” in a tweet from January 26.
The liquid flexibility is a great innovation for TENFinance and Lend Protocol to take advantage of. The incoming feature will unveil passive income opportunities seldom seen on BNB Chain.
What is TENFinance:
TENFinance is a yield aggregator/optimizer that makes staking and yield farming easy with the most liquid BSC liquidity pools available. The protocol ensures that users are exposed to the most robust yield farming environment on the DeFi market while providing security, sustainability, longevity, and simplicity. In short, Ten Finance is simplified decentralized finance.
Where to find TENFinance:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.