Binance Earn presents on-chain yields with the launch of Babylon BTC staking
Binance friends,
Binance Earn is pleased to announce the launch of On-chain Yields, which allows users to easily participate in various on-chain protocols and earn rewards directly through their Binance account.
The first eligible offering is Babylon BTC Staking, where users can stake their BTC and earn on-chain rewards from the Babylon Protocol.
Subscription will be available starting from 09-12-2024 at 06:00 (UTC), with a limited quota of 1000 BTC on a first-come, first-served basis. The minimum and maximum subscription amounts per account are 0.05 BTC and 5 BTC, respectively.
Please note that the On-chain Yields page will be available at 04:00 (UTC) on 09/12/2024.
Benefits of on-chain yields
Earn rewards: users can participate in on-chain protocols through Binance and earn rewards in tokens, points, and other forms.
Easy to use: Binance manages the integration and operations of the on-chain protocol, allowing users to access on-chain earnings without the need for complex setups.
Redeem at any time: users can redeem their subscription at any time and enjoy a shorter redemption time than when staking directly on-chain.
Risks of on-chain yields
On-chain yields are a high-risk product with rewards that depend on the specific protocol and are not guaranteed. Each protocol may carry various risks, including, but not limited to:
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