Binance Unveils Vault Allowing Users To Earn 5-8% Annual Interest On Staked BNB Tokens

Binance Unveils Vault Allowing Users To Earn 5-8% Annual Interest On Staked BNB Tokens
фото показано с : zycrypto.com

2020-11-4 09:33

Binance cryptocurrency exchange has announced the launch of BNB Vault, an investment product that allows users to stake their BNB and earn 5-8% annual interest.

BNB Vault is a yield aggregator that lets users put their BNB tokens to work by utilizing the exchange’s wide array of financial products including DeFi staking, Flexible Savings, and the Launchpool to earn more income.

The official announcement on November 3 reads:

“It integrates various Binance products to maximize the income potential of your BNB from both centralized and decentralized finance in just one click, allowing BNB holders to enjoy all the benefits of the Binance ecosystem with one click.”

The staked BNB will start to accrue interest at 0:00 A.M (UTC) on the second day, and the income will be paid out to users on the third day. The announcement notes that income will be calculated on a daily basis and distributed to user spot accounts with estimated annual percentage yields (APY) of between 5%-8%. 

Customers will be able to deposit and withdraw BNB with the utmost flexibility as Binance will take care of all the technical details.

Keep it simple. Let us handle all the technical details and potential risks of rug pulls. https://t.co/Nh9IuC8eRS

— CZ Binance (@cz_binance) November 3, 2020

During the income-generating process through the Vault product, staked holdings will still be eligible for BNB benefits like airdrops, Launchpad positions, and VIP rights.

Binance’s new offering comes on the back of yield farming, a phenomenon that has taken the DeFi space by storm after giving users staggering profits. Yield farming is believed to be one of the reasons for DeFi’s explosive growth in 2020. The sector went from $1 billion earlier this year to $10.9 billion in value locked in at press time. This explains why Binance is trying to join the party.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 26.32 (-100%)

bnb users vault tokens binance exchange 5-8

Источник: zycrypto.com

bnb users → Результатов: 82


Binance continues European rollout of its Binance Visa Card

Binance, the popular crypto exchange and blockchain company, today announced the expansion of its Binance Visa Card to all eligible users from the European Economic Area (EEA). Binance Visa Card now supports NFC payment apps, including Google Pay and Samsung Pay, offering more ways to convert and spend BTC, BNB, SXP, and BUSD to fiat […] CryptoNinjas » Binance continues European rollout of its Binance Visa Card

2020-9-17 11:24


Фото:

With Poloniex LaunchBase, Can Tron’s (TRX) Price Mimic BNB’s In 2019?

Quick take: Poloniex recently launched LaunchBase, its homegrown IEO platform. Tron (TRX) is the sole digital asset approved for investment on LaunchBase. Could TRX experience a run in the markets similar to BNB’s in 2019 when Binance Launchpad was launched? On the 5th of April, the crypto exchange of Poloniex announced that it had a new investment platform for its users known as LaunchBase.

2020-4-8 20:08


Binance Giving Away 10,000 BNB (Over $223k) on the Launch of Two Futures Testnet Platforms

Binance has announced the launch of two Binance Futures Testnet platforms and conducting a competition to allow its customers to choose one. In this “Battle for Binance Futures,” the world’s leading cryptocurrency exchange is giving away a total of 10,000 BNB to users that participate in each of Futures Test Platform. Binance’s native token BNB […]

2019-9-3 01:26


Фото:

Binance Will Pay Users $220K To Test Its Bitcoin Futures Platforms

Cryptocurrency exchange Binance is planning to pay users to decide how its new Bitcoin futures trading platform should operate. Binance: Two Platforms, 100,000 BNB In a blog post issued on September 2, the exchange said it had created two standalone versions of a futures trading platform, and would select the final option via a user competition.

2019-9-3 15:51


Мнение: цена BNB упадет после ухода американских пользователей с Binance

Экономист и криптоаналитик Алекс Крюгер выразил мнение, что перемещение американских пользователей с Binance. com на Binance US может негативно отразиться на курсе актива BNB. 1. Binance US coming.

2019-6-15 16:28


BNB can now be traded on Tesla using two wallets; BNB adoption increases as it can be used to pay for coffee

BNB coin can now be traded on Tesla cars using two wallets, i..e Trust Wallet and Wallet connect app. Tesla’s model 3 car provides support for users to integrate games and more. Elon Musk tweeted about the same when he said that Tesla would be porting Unity, and Unreal Engine, gaming development platforms to Tesla, […] The post BNB can now be traded on Tesla using two wallets; BNB adoption increases as it can be used to pay for coffee appeared first on AMBCrypto.

2019-5-23 15:43


Фото:

Binance CEO Says Ethereum ‘Can Do Much More’ Than Binance Coin

The CEO of one of the world’s largest cryptocurrency exchanges delivered an unexpected compliment to his rival this week – but markets appeared unwilling to follow. CZ Denies BNB Will ‘Devastate’ ETH In a series of tweets April 22, Binance’s Changpeng Zhao (also known as CZ) called for tolerance of the various blockchain projects within the cryptocurrency industry.

2019-4-23 12:30


Volume of BNB, HT, OKB Perpetual Contracts reached 1 billion USD only 1 week after launch on BaseFEX

The cryptocurrency derivative exchange BaseFEX has launched BNB, HT, OKB perpetual contracts on March 28th, last Thursday, with the support of up to 20x leverage. Over 2,500 users have already traded these new contracts in the first week alone, driving the total trading volume of the 3 altcoin contracts combined to over 1 billion USD.

2019-4-4 15:30


дальше еще 33 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Pepe price hits new all-time high: here’s why it’s soaring

Pepe price hits $0. 0000142 ATH, showcasing its resilience and market prominence. Ethereum’s surge and altcoin rotation among the factors fueling Pepe’s rally. Despite early investor profit-taking, bullish sentiment persists, fueled by whale activity.

Florida court reinstates Binance US money services license

Binance US wins appeal to reinstate its Florida money-services business license. Court ruled OFR lacked legal justification for the emergency suspension order. Binance US suspension posed financial risks to over 170,000 Florida account holders.

MetaMask set to integrate native Bitcoin functionality

MetaMask integrating native Bitcoin support, bridging Ethereum-Bitcoin gap. Although no exact timelines, the integration is expected within a month. Currently, MetaMask uses Wrapped Bitcoin (WBTC) to bridge Bitcoin to Ethereum’s decentralized applications.

Worldcoin (WLD) drops below $5 following Hong Kong’s ban

Hong Kong authorities have order Worldcoin (WLD) to cease biometric data collection in the country. Despite regulatory setbacks, Worldcoin’s user base has grown to 10 million users. The price of WLD temporarily dropped below $5 following the ban Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) has issued a directive to halt […] The post Worldcoin (WLD) drops below $5 following Hong Kong’s ban appeared first on CoinJournal.