BNB Native Liquid Staking
The first native liquid staking BNB product on BSC, featuring fully automated, on-chain de-centralized operations.
The first native liquid staking BNB product on BSC, launched on 9 Feb 2023.
Featuring fully automated, on-chain de-centralized operations, utilizing the new native staking system contract on BSC, implemented via BEP-153.
The use of the native staking system contract means that all operations between BSC and BC are performed on-chain, providing a transparent and secure process.
This Vault is a Liquidizer Vault and a reserve of BNB is kept on BSC to enable immediate withdrawals. When reserves run low, an undelegation is triggered on BC to automatically top them up, subject to the 7-day unbonding period.
Note: reward accumulates on BC and gets sent back to BSC when it reaches > ~1 BNB.
Note: Explorer does not show delegations on delegate address page, but you can verify them from the validators' pages - reward address -> staking tab -> any validator -> delegators tab -> scroll and search for delegate address
First undelegation:
Undelegate on BSC -> Undelegate on BC -> Undelegate ACK on BSC -> Undelegate claimed on BSC
Note: when BNB reserves in the Vault are low, Harvest will trigger an undelegation to top up the reserves.
Read contract on BscScan, verify using methods getTotalDelegated, getDelegated:
0x0000000000000000000000000000000000002001