The BSC blockchain uses a proof-of-staked-authority (PoSA) consensus mechanism updated and operated by 21 validators. Validators must also be elected every 24 hours by delegators. Delegators are all other members that have staked BNB tokens.
Ankr is consistently voted into the Top 3 Validators.
Staking BNB helps operate and secure the Binance Smart Chain blockchain ensuring efficient transactions and economic viability.
Stake any amount of BNB (minimum 1 BNB) to earn staking rewards as well as instant liquidity through the issuing of Internet Bonds - aETH BEP 20 tokens. These can be redeemed and immediately utilized in DeFi applications.
Binance Smart Chain is significantly much cheaper and faster than staking on the Ethereum network.
NOTE: BNB is a Binance Smart Chain-pegged (BEP20) Token.
EITHER Connect via a Metamask wallet in which case you must add the Binance Smart Chain (BSC) network to it by following this guide here.
OR Connect via a Binance Chain Wallet Chrome extension. You can download it here or find out more.
Purchase the desired amount of BNB and send it to your Binance Chain Wallet address.
Connect your Wallet
From the StakeFi launchpad, locate the ‘Stake BNB box, select ‘Start staking’.
You are prompted to allow ankr.com access to your Ankr Staking account.
Select ‘Grant Access’ to proceed to connect your wallet.
Select wallet e.g. Binance Wallet.
If using a Metamask Wallet, be sure to use the Binance Smart Chain network!
Binance Wallet opens and you are prompted to allow stakefi.ankr.com to connect to your account.
Click ‘Connect’ to proceed. Successful connection opens the ‘Staking Dashboard’.
Stake your BNB
Select an account in your BNB wallet for staking.
If you have no BNB you are guided to buy BNB from Binance Exchange. If you are not already a member, you will need to sign up. Alternatively, purchase BNB from another exchange and transfer it to your BNB wallet deposit address.
Click the + button to stake BNB.
Select the desired amount to stake using the slider or by entering the amount.
BE SURE: to allow sufficient BNB to cover gas fees.
Select ‘Stake’ and your wallet pops up to approve the transaction. Click ‘Confirm’ to proceed.
Successful staking updates the Staking Dashboard updates to show the number of BNB staked.