December 5, 2023

Binance launches high yield staking

Binance launches high yield staking

Binance has launched a new high-yield staking initiative for ten coins.

According to a message inblog of the trading platform, the staking initiative, called the High-Yield Center, will allow you to lock 10 coins and earn up to 104.62% per annum. 

The duration of Shiba Inu staking will be only 10 days, at 0.28% or 10.12% per annum. Interested participants will be required to stake a minimum of 200 SHIB and a maximum of 7 million tokens.

All other coins from the list can be blocked for 90 days.

Binance launches high yield staking

Binance will pay interest daily,starting from 00:00 (UTC) on the day of confirmation of the blocked bet until the end of the staking period. There is a function for early cancellation of blocking no earlier than one day later. In this case, users will receive their coins, but without the accrued bonus.

Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies