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Binance DeFi Staking Adds Support for LTC & XRP, With Up to 1.40% Rewards Rates

2022-08-03 10:25
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance DeFi Staking has officially launched LTC DeFi Staking and XRP DeFi Staking. Stake your LTC and XRP from 2022-08-03 12:00 (UTC) to earn up to 1.40% APR.
  • DeFi Staking Format: First-come, first-served basis.
  • Reward Calculation Period: From 00:00 (UTC) on the day after you add your cryptocurrency to a DeFi staking pool, until the end of the staking period. The minimum calculation period is one day; funds staked for less than one day will not be counted in reward distribution.
  • Reward Payout Time: On a daily basis.
Offered Products (DeFi Staking)
Digital Assets
Duration
Max. DeFi Staking Limit Per User
Standard Annualized Interest Rate
Min. DeFi Staking Limit
LTC
Flexible
10.00 LTC
1.40%
0.01 LTC
XRP
Flexible
50.00 XRP
1.39%
0.10 XRP
Please note:
  • DeFi Staking assets can be viewed on the top right of the DeFi Staking page, including detailed information such as DeFi Staking balance and cumulative profit, etc.
  • The APR is adjusted daily based on the protocol’s staking rewards and the specific APR is subject to the page display on the day.
  • Unlock period for DeFi Staking products: one day.
  • DeFi Staking Instructions and Frequently Asked Questions (FAQ).
  • Redemption Time: Users can redeem staked digital assets via the Standard Redemption procedures at any time, and the principal will be returned to the users' spot accounts. It may take 24-48 hours to receive the tokens.
Thanks for your support!
Binance Team
2022-08-03
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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.
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.