Planet Expands Partnership with Stader Labs: Introducing BNBx to Green Planet

Planet is thrilled to announce the addition of BNBx to Green Planet.

As you may know, we have recently collaborated with Stader (BNB liquid staking protocol) to offer the BNBx-BNB and BNBx-USDT Aggregated Thena Pools on Planet. This exciting venture has seen tremendous success, with over $230,000 now deposited between the BNBx pools, proving the popularity of BNBx and liquid staking on the BNBChain.

By integrating BNBx into Green Planet, we aim to provide even more opportunities for our community to access and benefit from liquid BNB staking. This move highlights our commitment to building upon existing partnerships, as well as expanding our range of financial offerings to cater to the diverse needs of our growing user base.

Stader Labs Partnership Expansion

As we deepen our ties with Stader Labs through this mutually advantageous partnership, we anticipate it will yield significant benefits for Planet and our community.

We’ll mark the beginning of this collaboration by providing $5,000 in GAMMA as rewards to the BNBx market for the first month.

The BNBx Green Planet integration is also bolstered by Stader Labs’ $1,700 contribution in SD (Stader) to our treasury, and their dedication to seeding both the BNBx lending market and aggregated pools with $5,000 each. This level of commitment speaks to our common goals and values.

While not yet confirmed, there may be potential for future rewards and airdrops from Stader, further enhancing the value of this collaboration and benefiting our community. Stay tuned for more updates to make the most of this exciting partnership!

BNBx: A Brief Recap for Green Planet Users

Token Symbol: BNBx

Currently Staked BNB: 37,300

Stader offers users the ability to earn BNB staking rewards without the need to manage any infrastructure while simultaneously participating in other DeFi strategies. This is made possible through their liquid token, BNBx, which allows users to engage in DeFi activities on the BNB Chain while still accruing staking rewards.

BNBx represents your share of the total BNB pool that is deposited with Stader. When you deposit BNB into Stader’s smart contract, you receive newly minted BNBx. The amount of BNBx you obtain is based on the exchange rate at the moment of staking. As the value of the BNB rewards rises, so does the value of BNBx in relation to BNB.

Discover more about BNBx by visiting: https://www.staderlabs.com/bnb/

How to Get BNBx

Planet has recently integrated 1inch into our swap, with more details to be shared in an upcoming Medium article. As a result, users can now use Planet’s swap feature to exchange any asset for BNBx at the most competitive rates.

Alternatively, you can stake BNB on Stader to receive BNBx equivalent to your BNB stake.

How to Deposit BNBx

Step 1: Get BNBx following the instructions above

Step 2: Supply to Green Planet

• Go to Green Planet
• Click on the BNBx market on the Supply side
• Click Activate
• Click “Use default”, to ensure Activation is asked only once, and approve the transaction

• Click on the BNBx market again
• Enter the amount of BNBx you want to supply (lend) and then Click Supply
• If you want to borrow against your BNBx, you need to turn collateral on by clicking on the collateral toggle besides BNBx and approving the transaction

We hope that having BNBx listed on both the lending platform and pools, our users will enjoy the opportunity to try out interesting strategies to multiple their yield.

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