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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?
Information
Exploit/Hacks
None
Info
Key Metrics
  • TVL: $15.2B (Rank #4)
  • TVL Ranking by Staking: #0
  • Blockchain: Ethereum, Binance
  • Chain TVL
    • Ethereum: $14.26B
    • Binance: $911.61M
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
Binance Staking Pools
Binance ETH Staking
2.3%
Yield
$14B
TVL
Risk
A
Chain
Ethereum
Binance SOL Staking
5.7%
Yield
$3B
TVL
Risk
A
Chain
Solana
Binance ETH Staking
2.3%
Yield
$899M
TVL
Risk
B
Chain
BNB Chain