BNB & USDT DeFi Staking Products Available With Up To 60% APR on Binance
2020-09-03 11:15
Fellow Binancians,
Binance Staking is opening BNB and USDT product subscriptions for DeFi Staking on 2020/09/03 1:00 PM (UTC). BNB is used for Kava staking with an APR of up to 25%, while USDT is used to participate in Curve staking with an APR of up to 60%.
Users can view their DeFi Staking assets by going to Wallets > Savings > DeFi Staking.
Once your BNB tokens are locked-up using a DeFi Staking product, your BNB will no longer be counted towards your average BNB calculations for various activities on Binance.
Kava is a cross-chain DeFi platform that supports BNB as a collateral asset to provide BNB holders with the biggest yields in the market. BNB holders can stake BNB on Kava's CDP platform and draw USDX, Kava's stablecoin, as well as earning 3,848,000 KAVA over the course of 52 weeks as rewards in protocol.
Risk Warning: Binance strives to offer its users only the best DeFi Staking projects. However, Binance only acts as a platform to showcase projects and provide users with related services, such as accessing assets on DeFi projects through a proxy and distributing earnings, etc. Binance will not assume liability for any losses incurred due to project on-chain contract security issues.
Thanks for your support!
Binance Team
2020/09/03
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