This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
The initial Binance Babylon BTC Staking quota has been fully subscribed, and Binance Earn is excited to announce that we are offering an extra quota with an additional 12% Babylon Points Boost. Users can easily participate in Babylon protocol and earn rewards directly through their Binance account.
The subscription will be available on a first-come, first-served basis, with a limited quota of 500 BTC at 2024-12-11 04:00 (UTC). All users who stake their BTC via Binance On-chain Yields can earn an extra 12% in points*.
Note: *An extra 12% in points will be distributed according to Babylon Cap-3 progress.
Website
Step 1: Click on [Earn] on the top navigation menu.
Step 2: Navigate to [High Yield] > [On-chain Yields].
Step 3: Click on [Subscribe] and confirm your stake amount and estimated rewards.
App
Step 1: Tap on [More] on the App homepage.
Step 2: Go to [Earn] > [On-chain Yields].
Step 3: Choose your preferred portfolio and tap [Subscribe] to get started.
Binance On-chain Yields allows users to easily participate in various on-chain protocols and earn tokens, points, and other rewards directly through their Binance account. With On-chain Yields, users can explore high-yield opportunities within Binance without performing complex on-chain setups or operations.
Binance Babylon BTC Staking is the first on-chain staking offering supported by Binance On-chain Yields, with its underlying returns sourced from the Babylon Protocol. Binance facilitates this process by helping users stake their BTC into the Babylon Protocol, enabling them to earn rewards provided by Babylon.
Babylon is a Bitcoin staking protocol that allows BTC holders to stake their Bitcoin and earn rewards from the protocol. By participating in Babylon BTC Staking, users receive Babylon Points. These points do not represent any form of currency or property and are not redeemable, refundable, or transferable.
Please note:
On-chain Yields is a high-risk product with no guarantee of principal or returns. It involves risks such as smart contract vulnerabilities, market volatility, protocol failure, and other potential risks. Users bear these risks independently, and Binance is not liable for losses from on-chain protocols.
Points earned through On-chain Yields are not tokens, have no monetary value, and may not be converted into tokens or other assets. They are non-redeemable, non-refundable, and non-transferable. Binance determines the redemption and distribution of points rewards based on the progress of each protocol. We recommend that users conduct their own research into the on-chain protocols to understand the utilities and limitations of the points before participating.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-11
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: 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. On-chain Yields rewards, points, and APR are estimates of rewards you will earn over the selected timeframe. They do not represent actual or predicted returns/yield in any fiat currency. DeFi projects are typically more complex and carry higher risks. Users will bear these risks independently, and Binance does not assume responsibility for any asset losses due to participation in On-chain Yields or DeFi Projects. Always do your own research on the protocols. This is not financial advice. For more information, see our Terms of Use and Risk Warning.
