Binance Earn is a platform where users can participate in various investment, savings, and asset accumulation activities to earn fixed, secure profits. Mainly earning money on Binance Earn is through staking, farming, etc. Binance Earn also has some more attractive investment opportunities for those who can accept higher levels of risk.

Even if you don't want to carry out trading activities, you still have the opportunity to accumulate and increase your assets through Binance Earn. The platform is home to quality crypto financial products, each offering a different profit opportunity, from secure, fixed return products to attractive profit opportunities. more attractive but at the same time more risky. With Binance Earn, you will have access to many opportunities to earn more with your crypto assets, in a safe and convenient environment protected by Binance's industry-leading security layers.

As of June 2021, Binance Earn recorded 20 billion USD from 2 million active users Binance Earn is also supporting more than 130 different tokens across its products.

What are Binance Earn products?

Binance Savings

  • Flexible Savings

Flexible Savings allows you to earn interest through your savings. The advantage of this activity compared to other forms of staking is that you can deposit your funds, earn interest and get them back any time you want. However, the profits received are not really too high and will be suitable for those who have idle money and do not have a need to use their money. So, if you are keeping some idle funds in your Spot Wallet then you can think about depositing on Binance Savings and completely deposit or withdraw whenever you want and still get the benefits. your profits.

  • Locked Savings

Fixed Savings is also a form of staking your tokens which gives you better returns but is also less flexible than Flexible Savings. The difference here is that you will set a predetermined amount of time for your money to accrue interest. Why is this better? In general, the interest rate of this product is higher than that of Flexible Savings products, because both the term and interest rate are fixed. If you want, you can still withdraw assets at any time before the end of the lock-in period, but you will not receive any interest generated during the staking period. Staking assets will be unlocked and returned to your Spot Wallet the next day.

Term of Fixed Savings products can range from 7 to 90 days. So, if you know you won't need the funds for a certain period of time, you can lock them up to earn a higher APY.

  • Activities

Activities on Binance Savings are special events that appear in the Activities Tab from time to time. These activities often have limited supply, meaning you'll need to sign up quickly. These activities can yield even higher returns than Fixed Savings.

Otherwise, we can say that these loan products are quite similar to Fixed Savings. However, this program is not always available, so you need to pay attention to it on Binance's homepage.

  • Locked Staking (Fixed Staking)

The mechanism of this section is similar to the Locked Savings section, but the difference is that the staking time frames of Locked Stakings are often long and not as flexible as Locked Savings but will only have options from 15, 30, 60 up to 90 days.

The interest earned if you unstake before the Locked Staking deadline will be retained corresponding to the time you start staking, but it will also take some time to receive the tokens back to your wallet.

DeFi Staking

Binance DeFi Staking is understood as the Binance exchange will bring coins to stake on DeFi platforms to earn profits, then divide the profits back to users proportionally.

The characteristic of DeFi Staking is its ease of use as users do not need to manage private keys, collect resources, perform transactions or perform other complicated operations to participate in DeFi Mining. Binance's Defi Staking service allows users to receive rewards online without having to keep an online wallet. DeFi Mining eliminates the high fees that come with trading capital. With a certain level of risk, users can earn the highest possible profit.

If the smart contract is hacked during mining, Binance does not bear any liability for losses incurred due to the on-chain contract. Binance only acts as a platform to introduce projects and provide users with related services, such as accessing funds on behalf of users and distributing income…

Launchpool

At this point, you've probably heard about Binance Launchpad, right? This is a launch platform that helps projects raise capital from Binance users, through a process called Initial Offering (IEO). You may have heard of yield mining or liquidity mining, where users lock funds into liquidity pools to “mine” a new token.

So what do you get when you combine IEO and yield farming together? That's Launchpool. You can lock up your BNB, BUSD, and other cryptocurrencies to receive a new token being rolled out on Binance. There will even be times when tokens are released on Launchpad and Launchpool at the same time.

Launchpool is a great way to earn some passive income, as the cost of acquiring new tokens is the opportunity cost of locking up your tokens. However, you can redeem them at any time during the event.

BNB Vault

BNB Vault is an investment project that integrates different products within the Binance ecosystem, helping users maximize your BNB earning potential from both centralized (CeFi) and decentralized (CeFi) finance. DeFi). BNB Vault is a yield aggregator, allowing BNB holders to deposit and withdraw BNB flexibly. All you need to do is visit the BNB Vault page on Binance Earn and click Stake.

After staking BNB, you will receive BNB Vault assets. Interest will start calculating on Monday and rewards are distributed to your account daily. On the BNB Vault page, you can easily see the benefits you can receive from staking BNB, including:

  • Rewards from Flexible Savings products

  • New tokens from Launchpool are obtained by staking BNB

  • Income from DeFi Staking

  • Benefits from participating in BSC (rewards coming soon)

You can withdraw your funds at any time via two methods: instant withdrawal and standard withdrawal. Instant Withdraw will allow you to withdraw your BNB on the same day you make the request, but you will lose the interest accumulated on that day. A standard withdrawal will return your money the next day, but you'll still earn the interest that accrued on that day.

Stake ETH 2.0

Users who participate in ETH 2.0 staking will receive BETH* tokens at a ratio of 1 ETH = 1 BETH. Besides, ETH 2.0 staking rewards will be distributed daily in the form of BETH tokens. BETH will allow users to exchange ETH at a 1:1 ratio when Phase 1 of ETH 2.0 is deployed.

For those of you who don't know, BETH is a tokenized version of ETH staking on Binance. It's a simple way to participate in staking on Beacon Chain - ETH 2.0. By holding BETH, you are entitled to receive ETH 2.0 staking rewards from the Binance staking node. But that's not all, because you can take advantage of it in many other ways on the Binance and Binance Smart Chain (BSC) platforms.

Advantages of Staking ETH 2.0 on Binance: Binance will cover all transaction validation costs for users, bear the risk of on-chain penalties, and all on-chain staking rewards will be distributed to users. use.