Binance has introduced BNB into their locked staking program.
Shutterstock cover by STEVLTH
Share this article
URL Copied
Binance is now live with its BNB staking feature. Users can earn 8.49% to 27.49% APY when they lock up their BNB tokens on the platform.
Lock Up BNB Tokens, Earn Interest
The interest rate depends on how long users wish to lock up their BNB tokens.
The 30 days lock-up offers 8.49% APY and has a maximum limit of 5,000 BNB per user. The 60 days lock-up offers 12.49% APY and has a maximum limit of 500 BNB per user. The 90 days lock-up offers 16.49% APY and has a maximum limit of 100 BNB per user.
Interestingly, the highest APY of 27.49% is given out on the shortest duration of 15 days. However, users are limited to depositing only 5 BNB tokens in this offering.
All offerings have a minimum staking limit of 0.1 BNB. Users can redeem earlier but risk losing the interest they would have earned on their BNB tokens.
These offerings are on a first-come, first-serve basis. At the time of press, the 30-day offering was the only rate available.
Additionally, Binance has announced the launch of their 18th launchpool product. Users will be able to stake their BNB, BUSD, or CHR to earn ALICE tokens.
Binance Coin (BNB) was trading for $267.18, gaining 14.5% in the past 24 hours. At present, BNB is ranked #3 on CoinGecko.
Disclosure: The author didn’t hold crypto mentioned in this article at the time of press.
Share this article
URL Copied
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
Binance’s BNB coin has hit a market cap of $40 billion. It’s now the third biggest crypto, behind Bitcoin and Ethereum. Binance Coin Soars Binance’s BNB coin has overtaken Tether...
The Future of Crypto Exchanges Is Decentralized: Interview with CZ, CE...
DeFi users are looking to alternative networks after Ethereum gas fees have once again hit new highs. This time, the Binance Smart Chain has entered center stage. Binance Is Riding...
The Graph is expanding to Binance Smart Chain. The Graph Expands The Graph, the indexing and querying protocol for the Web3 ecosystem, has added support for Binance Smart Chain. Binance...
