Many users have recently given us feedback that the transaction fees for the Ethereum network are too high, making staking on our PEAKDEFI platform lucrative only for larger volumes.
We have then considered, tested and researched and have now decided to bring our PEAKDEFI platform, or rather the platform’s staking feature, to the Binance Smart Chain (BSC).
The Binance Smart Chain has recently experienced incredible popularity and is becoming increasingly popular in the DeFi space. We still believe in Ethereum and Ethereum’s DeFi ecosystem, but from now on we want to give our community the opportunity to decide for themselves whether they want to stake PEAK with the Ethereum network or with the Binance Smart Chain network.
If you look at our whitepaper and the tokenomics in the whitepaper, you will see an amount of around 300 million PEAK that was planned for larger investors. At the urging of the community, we will now mint this amount on the Binance Smart Chain and make it available to the community via staking. This has another positive effect, because the fewer PEAK whales there are, the better and more decentralized the network will be built in the future. By integrating PEAK staking on the Binance Smart Chain, it will be accessible for many investors with smaller amounts to successfully and profitably stake their PEAK tokens.
Our developers have finalized the last tests and arrangements that need to be made for a successful integration. At the same time, we have set up a liquidity pool with one million PEAK tokens on Pancakeswap. And we are happy to announce, that our PEAKDEFI Staking is now available on Binance Smart Chain!
The Binance Smart Chain can currently only be used via Binance’s own wallet extension and via MetaMask. So if you want to use the Binance Smart Chain PEAKDEFI staking, you should set up your MetaMask wallet and set up the BSC network. A guide for setting up the BSC network on MetaMask can be found here.
Keep an eye on our social media channels, as we will update and announce more information within the next coming days.
And if you want to get to know more about our staking, you can check Stakingrewards for a full guide.
In order to start staking via Binance Smart Chain, follow this link:
https://bsc.peakdefi.com/investor-portal/staking
