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Stake BNB earn BNB at 100% APY

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Cryptocoins Exchanges / Binance 173 Views

Stake BNB earn BNB at 100% APY

How you ask ?

With the ABNBC-BNB Farm at Pancakeswap

https://preview.redd.it/5vzx5d3awav81.jpg?300&format=pjpg&auto=webp&s=bfe382855978d661a98de97a756728f437757fce

ABNBC is the liquid staking yield bearing BNB derivatives token issued by ANKR, they stake your BNB for you in their PoS nodes while minting you ABNBC, so that you’d still have liquidity while earning staking rewards. In essence, ABNBC = BNB + staking income wrapped into a token, damn good no ?

Still, farming in Pancakeswap means you’ll receive the rewards in CAKE, you’d probably want to convert that to BNB. Using our yield optimizer at happyhippo.farm, where you can find an autocompounding vault for ABNBC-BNB, means you’ll get 110% APY for staking BNB and will receive rewards in BNB as well, not some meaningless reward token.

https://preview.redd.it/km2iy24jwav81.jpg?300&format=pjpg&auto=webp&s=257816a03f2785794ff89c13cf83af2318647c44

With ABNBC trading at ~1.02 BNB, the LP is basically a stable no impermanent loss blue-chip token pairing with triple digit yields, unmatched anywhere else. There’s no sure thing in life yet ABNBC-BNB is probably the closest thing to that right now.

submitted by /u/indonesian_activist
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