This is a general announcement. The products and services mentioned here may not be available in your area.

Dear Binance members,

The initial quota of Binance Babylon BTC staking has been fully subscribed, so Binance Earn is excited to announce an additional quota with an additional 12% Babylon Boost 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-served basis, with a limited quota of 500 BTC on 2024-12-11 04:00 (UTC). All users who stake their BTC via Binance Yields on-chain can earn an additional 12% points*.

Note: *An additional 12% of points will be distributed based on the progress of the third stage of raising capital on Babylon.

How to get started with staking on Babylon for on-chain returns:

Website

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

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

  • Step 3: Click [Subscribe] and confirm the amount of inventory and expected rewards.

Application

  • Step 1: Tap [More] on the app home page.

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

  • Step 3: Choose your preferred investment portfolio and click [Subscribe] to get started.

About Binance On-Chain Revenue

Binance On-Chain Yields allows users to easily participate in various on-chain protocols and earn tokens, points, and other rewards directly through their Binance accounts. With On-Chain Yields, users can explore high-yield opportunities on the Binance platform without complicated on-chain setup or operations.

About Storing BTC on Babylon from Binance

Binance’s BTC staking on Babylon is the first on-chain staking offering backed by Binance’s on-chain revenue, with the underlying revenue coming from the Babylon protocol. Binance facilitates this process by helping users stake their BTC on the Babylon protocol, allowing them to earn rewards offered by Babylon.

Babylon is a Bitcoin staking protocol that allows BTC holders to store their coins and earn rewards from the protocol. By participating in staking BTC on Babylon, users earn Babylon Points, which do not represent any form of currency or property and are not redeemable or transferable.

please note:

  • On-chain returns are a high-risk product with no guarantee of capital or returns. They involve risks such as smart contract vulnerabilities, market volatility, protocol failure, and other potential risks. Users bear these risks independently, and Binance is not responsible for any losses from on-chain protocols.

  • Points earned through on-chain returns are not tokens, have no cash value, cannot be converted into tokens or other assets, and are non-refundable, non-refundable, and non-transferable. Binance determines the redemption and distribution of Point rewards based on the progress of each protocol. We recommend that users conduct their own research on on-chain protocols to understand the benefits and shortcomings of Points before participating.

  • There may be a discrepancy between this original English content and any translated versions. Please refer to the original English version of the content for the most accurate information, if there is any discrepancy.

Thank you for your support!

Binance Team

2024-12-11

Trade wherever you are with Binance's mobile crypto trading app (iOS/Android)

Follow us on

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

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down as well as up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. On-chain yield rewards, points, and APR are estimates of the rewards you will earn over the specified time frame, and do not represent actual or expected returns in any supported local currency. DeFi projects are typically more complex and involve higher risks. Users will bear these risks independently, and Binance is not liable for any asset losses due to participation in on-chain yields or DeFi projects. Always do your own research on the protocols. This is not financial advice. For more information, please see the Terms of Use ​​and Risk Warning.