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Binance DeFi Staking Launches DYDX and AAVE High-Yield Activity with Up to 41.89% APY
Binance DeFi Staking launches a new high-yield activity. Stake your DYDX and AAVE starting from 2022-01-21 12:00 PM (UTC) to earn up to 41.89% APY.
- DeFi Staking Format: First-come, first-served basis.
- Reward Calculation Period: 00:00 (UTC) on the day after DeFi staking is confirmed till redemption. 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|
- 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 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 DeFi Staking products: 1 day.
- DeFi Staking Instructions and Frequently Asked Questions (FAQ).
- Redemption Time: Users can redeem funds via the Standard Redemption procedures at any time, and the principal will be returned to the users' spot accounts one day after the redemption. However, it takes 24-48 hours to receive the tokens due to different time zones worldwide and that DeFi Staking is conducted on-chain.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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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.