# BNB (BNB)

The BNB Chain is an EVM compatible chain that uses the Proof of Staked Authority consensus mechanism (PoSA) posed as a solution to bring programmability and interoperability to the Binance Chain. PoSA can be seen as a hybrid between Proof of Stake and Proof of Authority mechanism.

**Figment Validator Address:**  
0x477cB5d87144b2a6d93f72e32f5E01a459260D68

## Market Cap

$75.5B

## Staking Reward Rate*

0.5-2%*

## Price

$566.61

## Auto-Compounding

No

## Reward Frequency

1 Epoch (Daily)

## Activation

Immediate

## Withdrawal

7 Days

### Slashing Penalties Enabled

Yes

\*Staking Reward Rates (SRR) vary based on network conditions, delegation size, and infrastructure optimizations. Contact our team to explore your potential rewards.

## Why Stake BNB With Figment?

-  The BNB Chain relies on a network of 21 validators, via the PoSA system ensuring that the most bonded validator candidates of staking, become active validators and produce blocks  
-  Binance schedules quarterly $BNB burns, to reduce the supply of $BNB  
-  BNB Chain combines EVM-compatibility and the fast transaction times of the PoSA to deliver a favorable interoperability solution

## BNB Staking FAQ

**Do I maintain custody of my BNB tokens? Who or what controls my staked BNB token?**  
Figment has partnerships with a number of top-in-class custodians. Please contact support@figment.io for more inquiries.

**What wallet can I use?**  
You can use the Trust Wallet or a [Ledger BNB wallet](https://www.ledger.com/coin/wallet/binancecoin).

## Explore Additional Protocols

Figment supports 30+ established and emerging protocols. Learn how to stake with Figment.

**Ethereum**  
ETH

**Solana**  
SOL

**Celestia**  
TIA

**Polkadot**  
DOT

**Polygon**  
Matic

**Sui**  
Sui

**Avalanche**  
Avax

**Cosmos**  
Atom

**Aptos**  
apt

**Near**  
Near

## Page Source

Alternative:  
WPA