Planet Partners with Stader Labs to Launch BNBx/BNB aggregated pool
We’re excited to announce the launch of our very own BNBx-BNB Aggregated Thena Pool on Blue Planet! Stader Labs’ liquid staked token BNBx has grown in popularity with over 36K BNB (~ $11 Million) already staked.
A Little About BNBx..
Token Symbol: BNBx
Currently staked BNB: 36,241
Stader lets users earn BNB staking rewards without needing to maintain infrastructure, and enables users to participate in other Defi Strategies while accruing rewards. This is done through their liquid token BNBx, which users can use to participate in Defi on the BNB Chain while continuing to earn staking rewards.
BNBx symbolizes your ownership of a portion of the entire BNB pool that is deposited with Stader. When you deposit BNB into the Stader smart contract, you obtain freshly minted BNBx. The number of BNBx you receive is determined by the exchange rate at the time of staking. As the value of the BNB rewards increases, the value of BNBx also goes up in relation to BNB.
Learn more about BNBx here: https://www.staderlabs.com/bnb/
How To Get BNBx on BNBChain
- Visit Thena and swap the token of your choice for BNBx.
- Alternatively, you can stake BNB on Stader to receive BNBx equivalent to your BNB
How To Supply To Planet’s BNBx/BNB Pool
Step 1: Get BNBx following the instructions above
Step 2: Get BNBx/BNB LP Tokens
- Visit app.planet.finance/pools
- Click on +/- Liquidity on the BNBx/BNB pool to visit https://www.thena.fi/liquidity/manage
- /- Liquidity will take you to Thena to add or remove liquidity
- Select BNBx and BNB as the tokens to use to create the LP
- Click “Add Liquidity”
— Note: DO NOT click “Add Liquidity and Stake”. This will deposit the tokens into Thena. You want to deposit the tokens on Planet for Planet’s additional GAMMA yield - Approve the transactions
Step 3: Deposit LP Tokens into Planet Farm
- Visit app.planet.finance/pools
- Scroll down to your desired pool and click to open it
- Enter the LP Tokens you wish to stake or click MAX to select all your LP Tokens
- Click Approve
- Click “Use default”, to ensure Approval is asked only once, and Approve the transaction
- Click Deposit
- Approve the transaction
Stay tuned for one-click add/remove liquidity in the next update for doing everything from Planet’s website.
Pro tip: You can find Thena pools easily by selecting Thena from the protocol filter on the Pools page.
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