SteakBank is a liquid staking platform on Binance Smart Chain where users can earn multiple streams of cashflow.
The primary rewards earned from validating will be baked in the liquid token. The liquid token can then be further staked in liquidity pool to be compounded and earn extra yields. Furthermore, SBF token will also be rewarded when users stake their liquid token in SteakBank's liquidity pool.
-
Earn compounded yields by minting liquid tokens of the staked asset and depositing them in liquidity pool, or use them as collateral on lending/borrowing platforms.
- Automated dynamic staking strategy, ensures our user always receives the highest staking reward, without the need for users to constantly monitor the changes of the reward given by the validator and making the switch manually.
- Early unstake option is provided by matching liquidity with new users on the SteakBank's matching engine. This gives option for users to unlock <= 7 days, compared to a fixed unlock period 7 days on the native Binance Chain.
Users will be able to earn yield, without the need to run a validating node.
Governance
- SteakBank's native token will be used as a Governance token. SBF holders will be able to participate in future developments of the platform and suggest changes such as the parameters of the underlying incentive mechanism.
Value Accrual For Fees
- The fees collected from minting of LBNB tokens and redemption of BNB will be stored in the smart contract. The fees collected will be used to buy back SBF and burned.
Accelerate Early Unstake - Users have the option to burn SBF to speed up their queue if their LBNB is queued for unstaking.