PancakeSwap Integrates Liquid Staking with Binance Earn
PancakeSwap, a leading decentralized exchange (DEX) based on the Binance Smart Chain, has announced the launch of its liquid staking with Binance Earn on the Ethereum Mainnet and BNB Chain. The integration will allow users to earn staking rewards (ETH) by staking Ethereum and receiving WBETH, a liquid staking derivative token that represents the ETH staked together with its associated incentives.
🎉 PancakeSwap Launches Liquid Staking Integration with @Binance Earn: Live on BNB Chain and Ethereum
🥞Stake ETH and Receive WBETH to Earn ETH Staking Rewards!
👉Get WBETH here https://t.co/DMi7jtwD7X
Benefits:
1️⃣ Simple ETH to WBETH staking
2️⃣ Quick WBETH to ETH swapping… pic.twitter.com/T4N5dHC6bm— PancakeSwap🥞Ev3ryone's Favourite D3X (@PancakeSwap) April 28, 2023
Liquid Staking Now Available on Ethereum Network
Liquid staking is a system that allows users to stake their assets while still being able to trade those assets through a representation token. This delivers users with flexibility and access to the cash for various applications, while still maintaining the potential to earn staking incentives. With the recent completion of the Merge on the Ethereum network, users can now liquidly stake their ETH to earn good rewards through the liquid staking feature.
WBETH, developed by Binance Earn, is a wrapper version of BETH. It allows users to take part in ETH staking rewards from Ethereum network. Wrapped tokens are a great way to use crypto on blockchains other than their native blockchain while still being backed by their underlying asset. Moreover, WBETH can be used on both ETH and the BNB Chain. Its 5% redemption cost on staked rewards is much lower than the fees charged by other staking providers. It makes it a highly competitive option. Through this integration, CEX PancakeSwap now provides the most user-friendly and time-saving method for staking ETH.
Binance’s WBETH Provides Competitive Staking Rewards for Ethereum Network
PancakeSwap’s objective is to provide the decentralized finance industry with a platform that is both intuitive and forward-thinking. This integration with Binance Earn is a significant step towards achieving that goal. It provides users with a more accessible and flexible way to stake their ETH and earn rewards.
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Binance, one of the most significant cryptocurrency exchanges, is the creator of WBETH, which is an Ethereum (ETH) staking pool. The partnership between PancakeSwap and Binance Earn is a testament to the growing importance of the decentralized finance industry. It is also the need for more accessible and flexible staking solutions.
The launch of PancakeSwap’s liquid staking integration with Binance Earn is excellent news for the decentralized finance industry. This integration provides users with a more accessible and flexible way to stake their ETH and earn rewards. It also demonstrates the growing importance of the industry and the need for more innovative solutions.
