Commission for staking on BNB Chain

Stader launched its liquid staking solution on the BNB chain in early August 2022. Since then BNBx has made several strides, reaching a high watermark of 65k BNB staked at its peak and over 10+ DeFi integrations till date.

Stader has followed a stringent validator selection criteria, balancing decentralization and optimizing APYs for our stakers. BNBx consistently has staking yields 15%-30% higher than the average validator on the BNB chain. In addition, users can choose from a wide range of DeFi trading strategies with our partner protocols to get the maximum yield for their risk preference.

In addition Stader has followed best-in-class security protocols on BNBx with dual audit for the smart contract by Halborn and Peckshield. Additionally, we have a $1mn bug bounty on Immunefi, which has not unearthed any security flaws till now. BNBx also has a ⅗ multi-sig accounts controlling the contract upgradability, with 3 external signatories, ensuring that control over the contract changes does not reside with the Stader team. Real time on chain alerts using Forta help us monitor for any unusual activity on the BNBx platform.

As an additional feature, Stader had implemented a 24hr time lock for any changes to the BNBx contract, ensuring sufficient time for the community to react.

Till now there has been no fee levied on users staking with BNBx, however in order to secure the long term future of the platform we propose a daily platform fee. Based on the feedback received from the community we propose a fee of 10% of staking rewards accrued daily, which at the current staking reward rate would be ~0.02% of the amount staked monthly.

The proceeds from the fee will be used to fund continued incentives on BNBx DeFi integrations, security enhancements and additional product development