SteakBank

What is SteakBank ?

Vision

β€œTo 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.”

Introduction

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"

Features

Main Features

The main feature allows users to use these 🌊 liquid tokens to gain πŸ’Έ extra yields % by using these Liquid tokens to participate in liquidity pools or generate interest in the lending/borrowing markets.

  • β€‹πŸ’§ Liquify them, and keep them in 🏦 Vault and Farms πŸ•

Sub-Features

On top of maximizing yields, different assets will have other different features that benefit the stakers of different chains.

BNB Specific features

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" !!

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