Permissionless Liquid Staking Token share passive income of up to 86% APY!
Through BNB Liquid Staking, Yield24 facilitates the staking of your BNB tokens using carefully chosen validator nodes. Simultaneously, the protocol generates new yBNB tokens, which are BEP-20 reward-earning tokens directly sent to your wallet. These tokens operate through a daily rebasing mechanism, ensuring that staking rewards are distributed to your wallet consistently. In essence, your yBNB balance in your wallet will increment daily to mirror the accruing staking rewards.