This is a general announcement. Products and services mentioned may not be available in your region.

Hello Binancian:

The initial quota for staking BTC on Babylon on Binance has already been sold out, so Binance Earn is offering an additional quota with 12% more Babylon Points. Users can easily participate in the Babylon protocol and earn rewards directly through their Binance accounts.

Subscription will be available on a first-come, first-serve basis with a limited quota of 500 BTC at 04:00 on December 11, 2024 (UTC). All users who stake BTC via Binance On-Chain Yields can earn 12% more points*.

Note: * An additional 12% in points will be awarded based on the progress of Cap 3 of Babylon.

How to start staking in Babylon with on-chain yields:

Website

  • Step 1: Click on [Earn] in the top navigation menu.

  • Step 2: Go to [High Yield] > [On-chain Yields].

  • Step 3: Click on [Subscribe] and confirm the amount of your staking and the estimated rewards.

Application

  • Step 1: Tap [More] on the app's homepage.

  • Step 2: Go to [Earn] > [On-chain Yields].

  • Step 3: Choose the wallet you want and tap [Subscribe] to get started.

About Binance's On-chain Yields

Binance's on-chain yields allow users to participate in various protocols from different blockchains and earn tokens, points, and other types of rewards directly through their Binance account. With this product, users can explore high-yield opportunities on the Binance platform without needing to perform complex setups or operations on-chain.

About BTC Staking in Babylon from Binance

Binance's BTC staking in Babylon is the first on-chain staking offering supported by Binance's on-chain yields with underlying returns coming from the Babylon protocol. Binance facilitates the BTC staking process in the Babylon protocol so that users can earn rewards from Babylon.

Babylon is a Bitcoin staking protocol that allows BTC holders to stake their assets and earn rewards from the protocol in return. By participating in BTC staking in Babylon, users receive Babylon Points. These points do not represent any form of currency or property and are also non-redeemable, non-refundable, or transferable.

Please note the following:

  • On-chain yields is a high-risk product with no capital or return guarantees. It involves risks such as vulnerabilities in smart contracts, market volatility, protocol failures, among other possible risks. Users assume these risks independently, and Binance is not responsible for losses incurred from the use of on-chain protocols.

  • Points earned through on-chain yields are not tokens, have no monetary value, and cannot be converted into tokens or other assets. They are non-redeemable, non-refundable, or transferable. Binance determines refunds and the distribution of reward points based on the progress of each protocol. We recommend that users conduct their own research on on-chain protocols to understand the utilities and limitations of the points before participating.

  • There may be discrepancies between the translated version and the original English version of this announcement. In case of any discrepancies, please refer to the original version for the most accurate information.

Thank you for your support!

The Binance Team

12/11/2024

Trade from the Binance mobile cryptocurrency trading app (iOS/Android)

Find us at:

Binance reserves the right to amend or cancel this announcement at its sole discretion, at any time and for any reason without prior notice.

Legal notice: Digital asset prices can be volatile. The value of your investment may go down or up, and you may not recover the amount invested. You alone are responsible for your investment decisions, and Binance is not liable for any losses incurred. The rewards from on-chain yields, points, and the APR rates shown here are an estimate of the rewards you will earn during the selected term. They do not represent actual or expected returns in fiat money. DeFi projects are often more complex and involve higher risks. Users must independently accept these risks. Binance does not assume any liability for any asset loss incurred by participating in on-chain yields or DeFi projects. Always do your own research on these protocols. This is not financial advice. For more information, please refer to our Terms of Use and Risk Warning.