What is liquid staking in Binance

Edmundrauscher93@23 May, 2023Business

Binance employs a sophisticated system to ensure the seamless functioning of its liquid staking services. Users? staked assets are pooled together to form a collective staking pool. Binance then participates in the staking process on behalf of the users, generating staking rewards from the underlying blockchain network. These rewards are distributed proportionally to the participants based on their staked amounts.