ATTENTION ALL BINANCIAN!
BINANCE ANNOUCES NEW FEATURES THAT ALLOWS USERS TO PARTICIPATE IN BLOCKCHAIN PROTOCOL
Binance has just launched a new feature called On-chain Yields, which allows users to participate in various blockchain protocols and earn rewards directly through their Binance account.
This feature is part of Binance Earn, a platform that enables users to grow their crypto holdings.
The first supported offering is Babylon BTC Staking, where users can stake their BTC and earn on-chain rewards sourced from the Babylon Protocol.
This staking opportunity is available starting December 9, 2024, with a limited quota of 1,000 BTC on a first-come, first-served basis.
Here are some key benefits and details about On-chain Yields:
Earn Rewards: Users can participate in on-chain protocols and earn rewards in tokens, points, and other forms.
Easy to Use: Binance manages the on-chain protocol integration and operations, allowing users to access on-chain earnings without needing complex setups.
Redeem Anytime: Users can redeem their subscription anytime and enjoy a shorter redemption time than staking directly on-chain.
Risks Involved: On-chain Yields is a high-risk product with rewards dependent on the specific protocol, and rewards are not guaranteed.
Overall, this new feature is an exciting development for Binance users, offering a more streamlined way to participate in blockchain protocols and earn rewards.#BinanceSquareFamily