# BNBx

### What is BNBx? 

BNBX is a liquid token that represents your share of the total BNB pool deposited with Stader. As soon as you deposit BNB on the Stader smart contract, you receive newly minted BNBX, based on the exchange rate at the time of staking. As the BNB rewards get added the value of BNBx increases (w\.r.t BNB)

### What is the BNBx exchange rate and how does it change? 

The exchange rate represents the total value of the Stake Pool for every BNBX in circulation

![](/files/eLnVr4GPCVYmQspOt35W)

At launch, the BNBx exchange rate is initialized to 1. When rewards are added to the pool, the BNBx : BNB exchange rate will increase.

![](/files/gWFIoy77y4BVkaP4hXKf)

### How much BNBx will I get after staking BNB? 

You will receive BNBx tokens equal to the amount of BNB staked divided by the exchange rate. Alternatively, you can use our [widget](https://binance.staderlabs.com/liquid-staking/bnbx) to try different scenarios after connecting your wallet. 

### Is the BNBX token automatically associated? 

Yes, the Stader smart contracts associate BNBx with the user wallet, whenever staking occurs.


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