Binance has launched a new feature, Hold to Earn, in its Keyless Wallet, which is now available following its introduction on September 24.
This feature allows users to earn interest on their stablecoin holdings with minimal effort. - Users can hold in their backed-up Binance Wallet.
To participate, users need to tap to the Hold to Earn feature. - There is no need for staking, lock-ups, or smart contract interactions.
Users maintain full self-custody and can trade, swap, or transfer their assets at any time.
Rewards are calculated based on the lowest hourly snapshot balance for each day. - — the highest yield. - $USDS (Ethereum): 3.6% APR. - U (BSC): 1.5% APR.
Rewards are calculated daily and can be claimed every Monday after 8 PM ET, though a gas fee will apply.
A minimum of is required to start earning. The rewards are funded by partner promotions rather than native token yields, and the rates may vary.
This development is significant as Binance's stablecoin holdings account for 33% of earnings across 14 million users, with a total of $1.2 billion distributed since 2022.
The new self-custodial wallet feature provides users with an additional way to earn during volatile market conditions.
A leaderboard event with a prize pool of will also be running until October 23 for participants.
If stablecoins are currently idle in your wallet, this feature presents an opportunity to earn yield without additional effort.
$USDE #BinanceWallet #ethena
This feature allows users to earn interest on their stablecoin holdings with minimal effort. - Users can hold in their backed-up Binance Wallet.
To participate, users need to tap to the Hold to Earn feature. - There is no need for staking, lock-ups, or smart contract interactions.
Users maintain full self-custody and can trade, swap, or transfer their assets at any time.
Rewards are calculated based on the lowest hourly snapshot balance for each day. - — the highest yield. - $USDS (Ethereum): 3.6% APR. - U (BSC): 1.5% APR.
Rewards are calculated daily and can be claimed every Monday after 8 PM ET, though a gas fee will apply.
A minimum of is required to start earning. The rewards are funded by partner promotions rather than native token yields, and the rates may vary.
This development is significant as Binance's stablecoin holdings account for 33% of earnings across 14 million users, with a total of $1.2 billion distributed since 2022.
The new self-custodial wallet feature provides users with an additional way to earn during volatile market conditions.
A leaderboard event with a prize pool of will also be running until October 23 for participants.
If stablecoins are currently idle in your wallet, this feature presents an opportunity to earn yield without additional effort.
$USDE #BinanceWallet #ethena