Stader is a non-custodial, multichain staking platform. BNBx is Stader's liquid staking solution for BNB on the BNB Chain.
Stader allows users to earn staking rewards without locking assets or maintaining staking infrastructure. Users deposit their BNB into Stader's smart contracts and receive BNBX in return which represents the value of the user's staked BNB along with any staking rewards accrued or penalties inflicted on validators. Users can withdraw or redeem their BNBX back for their original BNB at any time.
Stader generates revenue by charging a 10% fee on the staking rewards earned by depositors. This fee is used for upgrading the protocol's staking infrastructure to improve the quality of products for users.
Passive BNB holders can generate additional yield by participating in the PoS validation mechanism to earn block rewards. The unlocked liquidity with BNBX can also be used on a number of popular DeFi protocols to generate additional yield.