Hi Friends,
I have been accumulating some BNB over the last year. For the last few months I have used some BNB to stake with other coins for liquidity pool mining, but my results have been mixed. Seems some of the high APY farms are a sort of yield trap, as the BNB gets a big old haircut when you unstake the LP and get what's left of your coins back.
I was trying to find single stake BNB locations and wasn't having much success. I finally came across Binance.org's delegated staking validators and decided to give it a try.
My normal place for info on how to do a crypto transaction (YouTube) had almost no information about these direct delegating staking pools, so hopefully this works out. I am testing a delegation of 3 BNB to a validator at a 13% net yield of additional BNB coins.
Not a game changer, but better than just holding or putting into an LP pool and losing half of them, lol.
Thanks for coming by,
Brian