Lending Support to rBNB on BSC by Liqee

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Liqee announced the extension of lending support to BNB and rBNB on Binance Smart Chain.

BNB powers the Binance ecosystem and is the fourth-largest cryptocurrency by market cap at over $71
rBNB token is the synthetic staking derivative issued by StaFi when they stake BNB through the StaFi rBNB App. rBNB tokens are anchored to the staked BNB assets and the corresponding staking rewards. Like other rTokens, rBNB tokens can be transferred and traded at any time. Click hereto read more about rBNB.

How to Earn Additional Yields on My Staked BNB through Liqee?

By extending lending support to BNB and rBNB, users can create multiple strategies across different protocols to further optimize yields on their staked BNB, including:

  • Lend rBNB to mine LQE and FIS on top of staking rewards
  • Borrow BNB against deposited rBNB for leveraged staking (use the borrowed BNB to mint more rBNB, you can repeat previous steps to further improve your staking rewards)
  • Borrow or mint stablecoins against deposited rBNB
  • Arbitrage across different platforms (i.e., borrow BNB from dForce to mint rBNB and supply to Liqee for higher yields)

About Liqee

Liqee is now the world’s largest lending protocol for liquid staking assets, with a total supply of $32 million.

INFO

https://liqee.medium.com/liqee-announces-lending-support-to-rbnb-on-binance-smart-chain-8a4e424ad87f

Lending Support to rBNB on BSC by Liqee

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