Binance DeFi Staking Launches BUSD High-Yield Activity with Up to 13.33% APY

Fellow Binancians,

Binance DeFi Staking has launched a new high-yield activity. Stake your BUSD from 2022-03-24 12:00 PM (UTC) to earn up to 13.33% APY. 

• DeFi Staking Format: First-come, first-served basis.
• Reward Calculation Period: 00:00 (UTC) on the day after DeFi staking is confirmed till redemption. The minimum calculation period is one day; funds staked for less than one day will not be counted in reward distribution.
• Reward Payout Time: On a daily basis.

Offered Products (DeFi Staking)

Please note:

• DeFi Staking assets can be viewed on the top right of the DeFi Staking page, including detailed information such as DeFi Staking balance and cumulative profit, etc.
• The APY is adjusted daily based on the on-chain staking rewards and the specific APY is subject to the page display on the day.
• Unlock period for DeFi Staking products: 1 day.
• DeFi Staking Instructions and Frequently Asked Questions (FAQ).
• Redemption Time: Users can redeem funds via the Standard Redemption procedures at any time, and the principal will be returned to the users' spot accounts one day after the redemption. However, it takes 24-48 hours to receive the tokens due to different time zones worldwide and that DeFi Staking is conducted on-chain.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.

Thanks for your support!

Binance Team

2022-03-24

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