Binance CEO Changpeng Zhao (CZ) has addressed the growing complexity of the Binance Coin (BNB) liquid staking ecosystem, acknowledging the emergence of numerous derivative tokens related to staking rewards. In a social media post, CZ proposed merging various versions such as asBNB, slisBNB, and clisBNB to create a more unified approach. 2 This comes after an announcement revealing another round of rewards for holders of asBNB, one of several BNB derivative tokens used in decentralized finance (DeFi) protocols. These tokens often represent staked BNB across different platforms, allowing users to maintain liquidity while earning yield. 3 However, the proliferation of these tokens has led to a fragmented ecosystem, raising concerns about user experience and interoperability. CZ’s suggestion hints at a possible shift towards standardizing staking derivatives to enhance efficiency and clarity within the BNB Chain ecosystem. Binance is a leading player in DeFi and its related staking derivatives are crucial for liquidity provision and yield farming. 4 However, this growth has also created challenges, particularly for users unfamiliar with the intricacies of different token versions. 5 A unified model could simplify things for users, increase liquidity, and enhance interoperability across platforms on the BNB Chain.