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bCRO is a liquid, tokenized form of the CRO that a staker has locked. With bCRO, stakers can access liquidity while still having their CRO staked, and the value of that staked CRO can be deployed within decentralized finance (DeFi) platforms on Cronos. bCRO functions as a yield-bearing token-meaning the staking rewards produced each block from staking CRO are credited to bCRO. As more CRO rewards accumulate in the bCRO contract, each bCRO token becomes supported by a greater amount of CRO, which can raise its value. These staking rewards show up through an increased bCRO:CRO exchange rate: if you trade bCRO back to CRO later, you’ll receive more CRO than the amount you started with.
bCRO can be applied in multiple DeFi platforms on Cronos to help users generate additional DeFi yield.
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