What Exactly is AuBNB?
We’ve generated a lot of buzz around AuBNB, one of our new products. There have been talks about how it will reimagine Liquid Restaked Tokens (LRTs), redefine yield generation, and set new standards for the BNB Chain ecosystem. But it’s more than that — AuBNB is the culmination of the AutoLayer team’s hard work and constant evolution in an ever-changing DeFi landscape. So let’s talk about what the token is and how it (and AutoLayer) reached this point.
The Token
We’ve written other pieces covering AuBNB, and most of the detailed information can be found in our documentation, so we’ll summarize:
AuBNB is a next-generation Liquid Restaked Token (LRT) powered by Kernel DAO and designed to boost security and efficiency within the BNB Chain ecosystem. Its core features include:
- Automatic compounding of rewards generated through multiple streams (staking rewards, restaking rewards, ecosystem yield, etc.)
- Chain Abstraction through the XERC-20 standard to help with seamless cross-chain operability
- BNB Ecosystem Rewards such as AutoLayer Incentives, Transaction Fees, Protocol Incentives, Airdrops, and BNB-Specific Rewards
- Institutional-Grade Collateral that reduces liquidity fragmentation, enhances stability, and improves collateral quality
The History Behind AutoLayer and AuBNB
2024 marked a turning point for the DeFi landscape as Liquid Restaking and Liquid Staking through EigenLayer started to gain traction. Our team decided to ride this wave of LRTfi and conceived AutoLayer last March. Initially, it offered 1-Click Liquid Staking and 1-Click Liquid Restaking in the Arbitrum network. AutoLayer’s userbase and ecosystem grew rapidly, with integrations happening often and bolstering the product lineup until it became the largest staking marketplace offering multiple LRTs, LSTs, and other DeFi products.
Three of the most crucial updates for AutoLayer were its deployments to the Ethereum network, deployment to the BNB Chain, and the launch of the $LAY3R token (which achieved a solid standing on top exchanges like Kucoin and was even part of the Top New Coins and gainers at one point). In particular, the BNB Chain deployment and the LAY3R launch are the main catalysts for AuBNB, as BNB restaking has its limitations, and structured product (as shown in our roadmap) is a way to surpass those limits. So in a sense, AuBNB is a reflection of all the hard work the team has done post-TGE, continuing to adapt and innovate, and thus thriving in the process.
About AutoLayer
AutoLayer is the largest restaking marketplace with advanced risk-reward analytics, points management, and structured products. Hosting a full suite of LRTs, LSTs, and other 1-click products that users can restake into, AutoLayer offers more than 20 different assets, including Bitcoin and Ethereum restaking.
