This is a general announcement, and the products and services mentioned here may not be applicable to your region.
Dear user:
The Babylon Bitcoin staking (point earnings) product in Binance Wealth on-chain earning has now ended. Binance will assist users in completing the distribution of earnings and the redemption of funds, as detailed below:
Regarding point earnings:
According to the announcement from the Babylon project team, the Babylon points activity officially ended on April 2, 2025, and points will no longer be accumulated after this date. You can check your staking amount, point earnings, and redemption status through [Assets] - [Wealth Account] - [Staking] - [on-chain earning flexible].
Regarding BTC staking redemption:
Users can initiate a BTC redemption application at any time by going to [Assets] – [Wealth Account] – [Staking] – [on-chain earning flexible]. Funds will be released to your spot account within 3 days. The redemption operation will not affect the points earned. If you do not actively initiate redemption, Binance will automatically return all staked BTC to your spot account on April 15, 2025.
Regarding the distribution of Babylon BTC staking airdrop rewards:
Binance will assist users in receiving and distributing Babylon airdrop rewards. Users do not need to take any action, and Binance will directly distribute the corresponding rewards in the form of BABY tokens to users' spot accounts on April 10, 2025.
Regarding additional rewards for participating in BTC staking through Binance:
Users participating in BTC staking through Binance will receive an additional 12% airdrop reward on top of the original point earnings. This reward will be distributed to users' spot accounts along with the staking airdrop rewards.
Please note: The points earnings displayed in the user's wealth account only reflect the original BTC staking earnings, and the additional 12% airdrop reward is not included and will be calculated separately.
Regarding Binance on-chain earning
In Binance on-chain earning, users can participate in various on-chain protocols through their Binance accounts and earn returns in the form of tokens, points, or other forms. Through Binance on-chain earning, users can explore high-yield opportunities without complex on-chain setups or specialized technical knowledge.
Please note:
The annualized return rate adjustment for on-chain earning products will be announced periodically on the platform. Before subscribing to any product on the on-chain earning platform, please refer to the on-chain earning terms, terms of use, and risk warning;
The assets of on-chain earning products can be viewed in Assets > Wealth Account > Staking > on-chain earning;
Early redemption: Under special circumstances, such as extreme market volatility, network interruptions, protocol failures, or a large number of simultaneous redemption requests, early redemption may experience delays. For more information on related risks, please refer to the risk factor statement;
On-chain earning is a high-risk product and does not guarantee principal or returns. It involves potential risks such as smart contract vulnerabilities, market fluctuations, and protocol failures. Users must independently bear these risks, and Binance is not responsible for any asset losses due to on-chain protocol issues;
Points earned through on-chain earning are not tokens, have no monetary value, and cannot be converted into tokens or other assets. They are non-redeemable, non-refundable, and non-transferable. Binance determines the redemption and distribution of point rewards based on the progress of each protocol. We recommend that you research on-chain protocols independently to ensure you understand the uses and limitations of the points;
There may be differences between the original English announcement and the translated version. In case of any discrepancies, please refer to the original English version for the latest or most accurate information.
Guides and related materials:
Thank you for your support of Binance!
Binance Team
April 10, 2025