Bull Market Nuggets: Income Opportunities of BNBChain Restaking

Author: Sleeping in the Rain Source: substratek

There is an obvious phenomenon in the current market, which is the serious differentiation of user groups - some people are playing new games at the first level, some are chasing hot spots at the second level, some are playing AI Agent, some are playing Layer 1 except SOL and ETH, and some are playing at Layer 1 other than SOL and ETH. Looking for ore.

But I have to mention that although bull market mining is not as exciting as currency speculation, the benefits are still considerable, such as the $M3M3 LP pool on Solana and the $USD0 pool on Pendle.

Today, I want to talk to you about a revenue opportunity on BSC -@AstherusHub.

The current TVL of Astherus asBNB is 35M, and the APY is 31.47%.

Let’s take a look at the income structure of Astherus asBNB:

1. Binance Launchpool and other BNB-related activities (such as Hodler Airdrops) income (34.17%) + slisBNB’s own liquidity staking income (1.43%)

PS Hodler Airdrops issuance process: After ListaDAO receives the relevant tokens, it converts these tokens into BNB and sends them to Astherus. Astherus then converts BNB into asBNB and sends them to the user. Users need to collect it on the Astherus front-end.

2. AU Points (mint asBNB now to get 10x AU Points multiplier)

3. ListaDAO Airdrop (1 USD worth of asBNB can get 19 stardust, asBNB’s stardust acquisition efficiency is higher than slisBNB, slisBNB is 15 stardust/1 USD)

In addition, Astherus also has a stable currency product $USDF (USDT 1:1 exchange). USDF is similar to Ethena's USDe, and the income comes from the fee income of short hedging. The AU Points multiplier for USDF is 5x, 30% APY.

One more thing to add here is that during non-Launchpool periods, users can mint asBNB immediately. If asBNB is minted during the Launchpool, users need to wait until the Binance Launchpool rewards are released + asBNB NAV is updated, which will be approximately 3-5 days after the Launchpool rewards are released before they will receive asBNB. During this waiting process, users can still obtain AU Points.

Let’s take a look at the introduction and background of the Astherus project:

PS Astherus received strategic investment from Binance Labs on November 28.

Generally speaking, BSC follows the same path as Ethereum, from the basic configuration of DeFi to LSD liquidity staking to Eigenlayer Restaking, layer by layer. At present, the core of BSC is still Pancakeswap and ListaDAO. ListaDAO's expansion of BNB lies in liquidity staking. Binance Labs invested in Astherus to promote BNB's restaking, which is also a matryoshka doll. btw, we can look forward to Pendle's support for Astherus points later.

Thena is ve33 on BSC. Whether it can rise is related to the ecological prosperity of a chain, or cabals can also promote the development of the ecosystem by pulling ve33 tokens (such as Base's $AERO), so whether $THE can rise later is completely Let’s see if the BSC ecosystem can develop, or if Binance has the power/motivation to promote the prosperity of the BSC ecosystem by pulling $THE. Some of Binance's actions reflect its attention to the BSC ecosystem, such as listing BSC tokens. Therefore, I am still relatively optimistic about $THE's performance from the end of the year to Q1 next year.