Binance Staking
Staking
Binance launched its own ETH staking service to provide its users a more accessible way to participate in Ethereum staking.
Risk Rating
Best
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Binance Staking?
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Information
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Tags: Staking
Key Metrics
- TVL: $6B (Rank #5)
- TVL Ranking by Staking: #0
- Blockchain: Ethereum, Binance
- Chain TVL
- Ethereum: $5.34B
- Binance: $639.29M
Risk Assessment
Best
Protocol Code Quality
- Code reviewed by at least one experienced auditor; PeckShield
- Public team promotes accountability
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2020; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Top 1% by total value locked reduces risk
- At least one critical governance issue documented (Binance has ability to blacklist addresses)
Protocol Design
- No death spiral concerns
- This protocol is susceptible to risks related to staking a token to secure a network, such as slashing events
Things to know about Binance Staking
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