What Are Yield+ and Simple Yield on Binance Web3 Wallet Earn?

Yield+ lists projects that offer potential airdrops or additional yields from staking, re-staking, lending, and Real World Assets (RWA).

1. Go to your Binance Web3 Wallet and navigate to [Earn] - [Yield+]. Choose a network and a project with a [Step 1] tag on the top right to participate.

For example, if you opt for the Solana Chain and the Marinade Protocol, tapping the [Stake] button will guide you to the Marinade Solana liquidity staking page.

2. On the staking page, enter the staking amount and tap [Stake]. Upon completion, you’ll find mSOL in your Web3 Wallet.

3. To earn a second layer of rewards, you can select a [Step 2] project to deposit the liquidity token you've obtained from [Step 1].

For example, if you're interested in participating in the Kamino protocol with the mSOL you've gained, tap [Supply] and go to the mSOL section on Kamino. Supplying your mSOL into the liquidity pool can provide you with an extra yield.

You can find your positions and rewards on the (a) Binance Web3 Wallet homepage, (b) the protocol description page, and (c) the protocol’s website.

(a) Upon staking your assets into the DeFi project, you'll receive interest-bearing liquid staking tokens, such as slisBNB, mSOL, bSOL, ezETH, and STONE on the Binance Web3 Wallet homepage.

(b) You can also view your assets and rewards on the protocol description page.

(c) To view on the protocol’s website, go to [Rewards].

Connect your Binance Web3 Wallet to the DApp to view your interests.

Simple Yield provides yield-earning opportunities for stablecoins and other mainstream assets. You can stake your assets into lending protocols like Venus and AAVE easily.

1. Go to Binance Web3 Wallet and navigate to [Earn] - [Simple Yield]. Choose the token with which you’d like to earn yields with.

2. Pick the protocol to which you'd like to deposit and tap [Supply] to provide liquidity.

3. Verify the network fee and tap [Confirm] to execute the operation.

4. Upon completion, you’ll find the vToken or aToken in your Web3 Wallet, representing your position in the lending protocol.

5. You can also check your USDC supply record from the [Active] tab.

You can view your portfolio under [Active] on the Simple Yield page.

You can withdraw liquidity or unstake from the protocol at any time. However, the interest on the liquid staking token or point accumulation will cease upon this action.

1. Go to the DApp page, select your active position, and tap [Unstake].

2. Enter the amount you’d like to unstake, check the network fee and the receiving token amount. Tap [Unstake] to proceed.

3. Check the transaction message and tap [Sign] to proceed. Your tokens will be unstaked.

Using DApps in the Binance Web3 Wallet is similar to utilizing them in other decentralized wallets. However, it's crucial to confirm the authenticity of the pages you’re engaging with and the legitimacy of the messages you’re approving before proceeding. Conducting personal research and acquiring a solid understanding of the involved protocols is an essential part of securing your activities.

Restaking enables staked ETH to be used as crypto economic security for protocols other than Ethereum, in exchange for protocol fees and rewards. You can restake the natively-staked ETH and liquid-staked tokens, such as bETH, stETH, rETH, cbETH, and LsETH, to receive their corresponding restaking tokens. You can even use these restaking tokens in other protocols to earn more yields.

Liquid staking on Solana is a process that enables users to stake their SOL tokens and automatically earn liquid-staking tokens that accrue interest, such as mSOL and bSOL. In addition, these liquid staking tokens can be utilized within a variety of DeFi protocols to undertake activities like yield farming, lending, borrowing, and more.

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