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Binance Staking Launches BAKE and CAKE Staking with Up to 28.92% APY
Binance Staking has officially launched a new high-yield activity. Stake your BAKE and CAKE starting from 2021-03-16 12:00 PM (UTC) to earn up to 28.92% APY.
- Locked Staking Format: First-come, first-served basis.
- Interest Calculation Period: From 0:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
- Interest Payout Time: On a daily basis.
Offered Products ( Locked Staking)
|Digital Assets||Duration||Max. Locked Staking Limit Per User||Standard Annualized Interest Rate||Min. Locked Staking Limit|
- Users can view their Locked Staking assets by going to Wallets > Savings > Locked Staking.
- The APY is adjusted daily based on the on-chain staking rewards and the specific APY is subject to the page display on the day.
- Unlock period for Locked Staking products: 1 day.
- Locked Staking FAQ.
- About early redemption: Users can choose to redeem in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48-72 hours to receive the tokens.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make the best efforts to choose high-quality coins, but will not be responsible for your trading losses.
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