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You can now supply USDC and USDT on Simple Yield Morpho Pools to earn up to 60% APR. To participate, please visit the Morpho campaign page.
Campaign Period: 2024-10-10 00:00:00 to 2024-10-23 23:59:59 (UTC)
How to join the campaign and supply USDT, USDC in the Morpho Pool?
1. Deposit or transfer USDT, USDC and ETH to your Binance Web3 Wallet by:
- Transferring funds from the Binance Exchange Wallet to the Binance Web3 Wallet using the [Transfer] button on the home screen of the Binance Web3 Wallet;
or - Sending USDT, USDC from an external wallet to your Binance Web3 Wallet using the [Receive] button. For more details, please refer to How to Send and Receive Tokens on Binance Web3 Wallet?
Please note that you must have some extra ETH (worth $10-20 in ETH) to cover the gas fees for supplying USDT and USDC tokens to Morpho.
2. To opt in to the campaign, go to the Morpho campaign page, tap [Join Now].
3. Log into your Binance Web3 Wallet and go to [Earn] - [Simple Yield]. Then tap [Protocols] - [Morpho] - [USDC] or [USDT].
To be eligible for the campaign rewards, you must supply a minimum of 25 USDT or USDC. The transaction cost is approximately 0.003 - 0.006 ETH. Please make sure you have a sufficient ETH balance in your Binance Web3 Wallet.
4. Tap [Supply Now], then read the Terms of Use and tap [Confirm]. Enter a minimum of 25 USDT, confirm the transaction cost, then tap [Next].
5. Check that the details are correct before tapping [Confirm] to sign the transactions.
6. Once complete, you’ll see a [Transaction Submitted] pop-up.
How to view my USDT, USDC position and withdraw from Morpho?
1. From the Binance Web3 Wallet, go to [Earn] - [Simple Yield], tap [USDT] - [Morpho] - [Redeem] to be redirected to the Morpho campaign page.
2. Connect your Binance Web3 Wallet.
3. View your position under [My Earn] and tap [Withdraw].
4. Enter the amount that you’d like to withdraw and tap [Finalize transactions]. Check that the details are correct before tapping [Confirm]. Tap [Sign] and [Confirm] to complete the transactions.
