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Binance Staking Launches OAX Staking with Up to 23% APY

Binance
2021-08-03 05:32
Fellow Binancians,
Binance Staking has officially launched a new high-yield activity. Stake your OAX starting from 2021-08-03 12:00 PM (UTC) to earn up to 23% APY.
  • Locked Staking Format: First-come, first-served basis.
  • Interest Calculation Period: From 00:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
  • Interest Payout Time: On a daily basis.
Offered Products ( Locked Staking)
Digital AssetsDurationMax. Locked Staking Limit Per UserStandard Annualized Interest RateMin. Locked Staking Limit
OAX
30 days
40,000 OAX
10.00%
1 OAX
OAX
60 days
20,000 OAX
18.00%
1 OAX
OAX
90 days
10,000 OAX
23.00%
1 OAX
Please note:
  • Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked.
  • 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 Locked Staking products: 1 day.
  • Locked Staking FAQ.
  • About early redemption: Users can choose to redeem in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48-72 hours to receive the tokens.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make the best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thanks for your support!
Binance Team
2021-08-03
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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.
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