ETH 2 Staking is already running on Binance Smart Chain [BSC]

ETH 2 Staking is already running on Binance Smart Chain [BSC]

The most popular cryptocurrency exchange, Binance has introduced Ethereum 2.0 staking on its Smart Chain .


1 Feb 2021 , 20:59 @ Katie Müller

ETH 2 Staking is already running on Binance Smart Chain [BSC]

The most popular cryptocurrency exchange, Binance has introduced Ethereum 2.0 staking on its Smart Chain .

Binance is improving its crypto services and has added ETH 2.0 staking to its new Binance Smart Chain (BSC).

More than 100 projects such as Dforce, Helmet or DeFi Station are already running on the new Binance Blockchain, and ETH 2.0 is now being added to them.

According to the published information, the main part of the ETH 2.0 staking is the BETH token, which serves as a reward for those users who regularly deposit ETH in a 1: 1 ratio. 

Other interesting news include BakerySwap dual reward pools, which introduced liquidity mining pools for BETH / ETH, BETH / BNB, and BETH / BUSD. These funds are special because they can earn BAKE and BETH at the same time.

Also thanks to these steps by the Binance Smart Chain it looks like this Blockchain will be one of the key players in the development of decentralized finance infrastructure.

Read also: Visa plans to work with cryptocurrency wallets and exchanges

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