I've decided I don't want to pool any of my BNB anymore, as I've lost at least a couple to Impermanent Loss, gaining more of the (frankly unwanted in every case) paired token and loosing BNB.
Given that BNB is the 'mother token' of the entire Binance Smart Chain and EVERY transaction requires a small fee, and there's a strong burn policy from Binance, I can't imagine the price of BNB crashing, at least not until ETH 2.0 comes out and/ or Rune smashes/ smash the whole point of risky (really) centralised shit-chains like BSC out of existence.
But until that point, I imagine the price of BNB is just going to go up and up, and if you think the same here are three options for where you can stake your BNB with no impermanent loss.
Two are on BSC, in single asset BNB pools and the third on Bancor which is on ETH offering IL protection.
Pancake Bunny (BSC)
Pancake Bunny is one of the more established BSC defi platforms, with $7 BilLion TVL, offering a single token BNB pool which auto compounds for a current 22% APY, paying out roughly 50-50 in BNB and Bunny...
In my limited brain thing the fact that it's well established with a lot of liquidity means it's a relatively safe option
Panther (BSC)
Panther is a new kid on the block on BSC - offering a 400 odd % APY ATW on WBNB (so you need to wrap it first). It was 500% when I pooled a few hours ago, down 30% already, so this will come down by the time you stake yours, so get it while you can.
Fully degenerate, high risk, but an insane return I couldn't resist
Bancor (Eth)
The BNB-BNT pool on Bancor offers a 35% return ATM, which is pretty good for ETH, and Bancor offers Impermanent Loss protection, so you get back what you loose through drain, whatever token goes down in value.
TBH I'm also thinking BNT might be a good long term hold, it's had a pretty sustained and rapid price increase so far this year.
I haven't staked anything to this as it's ETH, and I didn't have my enough of either coin in the pool above to make it worth my while given the (Estimated) $50-100 fees to stake.
But I guess this is the most secure place for your BNB given that it is actually decentralised unlike BSC.
Final thoughts
It's a bit odd NOT staking the 'mother token' on the Binance Smart Chain, it kind of feels like that should be the point of it, but over the last month, that's just been a sad process of having your BNB drained as its price has increased so much to most other tokens you would have pooled with.
So better to pool it as a single asset, or put it somewhere with IL protection.
The Rune mainnet is also one to keep an eye on, that offers a BNB-Rune pool with IL protection, but it's too early days for me to put into that.