What is SteakBank ?
“To maximize the utility of underlying token by enhancing liquidity and unlocking the latent value of all staked assets. Fostering a more vibrant, low cost and efficient DeFi ecosystem that embraces all different demographics of participants, be it early participants or newcomers.”
SteakBank is a multi-asset staking platform for users to participate in validating the respective chain, while at the same time freeing the value locked in it. This is done by issuing a BEP20 liquid derivative token representing the staked token's value on the Binance Smart Chain. Liquid token will be represented with an "L" infront of their usual ticker (i.e BNB -> LBNB) SteakBank Token will be represented with the ticker symbol "SBF"
The main feature allows users to use these
liquid tokens to gain 💸 extra yields % by using these Liquid tokens to participate in liquidity pools or generate interest in the lending/borrowing markets.
On top of maximizing yields, different assets will have other different features that benefit the stakers of different chains.
i.e. for BNB staking:
- Dynamic yield maximizing across multiple validators
- Early unlock from staking
- No loss of stake even if the validator is jailed.
The project will start with BNB for a start, before expanding into other assets.
Taste the sweet sizzling juicy yields on top of the cooked "steak" !!