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Binance Staking and Savings Add Support for ACA, With Up to 7.73% Rewards Rates

2022-08-04 06:25
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Earn will add ACA to the list of supported assets on Locked Staking and Flexible Savings on 2022-08-04 at 12:00 (UTC). Complete subscriptions to ACA Locked Staking or ACA Flexible Savings now to earn up to 7.73% APR in rewards.
  • Format: First-come, first-served basis.
  • Reward Calculation Period: From 00:00 (UTC) on the day after you complete a subscription to Locked Staking/Flexible Savings, until the end of the subscription period.
  • Reward Payout Time: On a daily basis.
Offered Products
Product
Digital Assets
Duration
Max. Locked Staking Limit Per User
Standard Annualized Interest Rate
Min. Locked Staking Limit
ACA
120 days
500 ACA
7.73%
0.1 ACA
ACA
Flexible
500 ACA
1.00%
0.1 ACA
Please note:
  • Once subscribed, users can view their assets by going to Wallets > Earn.
  • For Locked Staking:
    • Binance Staking will return staked digital assets/digital currencies to users’ spot wallets at the end of the agreed staking period. The value of digital assets/digital currencies fluctuates and is subject to change.
    • Users can enable the “Auto-Staking” function before completing subscriptions to Staking products, which will automatically add their digital assets/digital currencies to the staking pool again at the end of the staking period.
    • Rewards in Locked Staking come from a variety of sources, including but not limited to Proof-of-Stake (PoS) staking and sponsors.
    • Unlock period for Locked Staking products: One day.
    • Locked Staking FAQ.
    • About early redemption:
      • Users can choose to redeem their assets in advance. After choosing early redemption, the staked digital assets will be returned to the spot account, and any distributed rewards will be deducted from staked digital assets. It may take 48-72 hours to receive the digital assets.
      • Binance Staking will use 5% of all distributed rewards, which will otherwise be fully forfeited due to early redemption, to create a 90-day staking position. Please refer to this link for more information.
  • For Flexible Savings:
    • Subscriptions will close on a certain product once the maximum limit is reached.
    • Binance Savings may make changes to the supported cryptocurrency, rewards, individual limits and total subscription limits from time to time.
    • Flexible Savings FAQ.
Thanks for your support!
Binance Team
2022-08-04
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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.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Locked Staking will return the staked digital assets to users’ spot wallets after the agreed period ends or upon early redemption. You have no right to a reward until it is received by Binance and Binance does not guarantee that you will receive any specific staking reward, or any staking return over time. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.