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Binance Staking Launches Locked Staking Support for IRIS. Receive Annualized Interest of up to 21.25% for the First Month

Binance
2020-07-31 14:07

Fellow Binancians,

Binance Staking is launching support for IRIS Locked Staking at 2020/07/31 12:00 PM (UTC), where 30-day, 60-day and 90-day locked staking products will be made available. Further details are below: 

  • 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: Immediately after maturity. 

Receive annualized interest of up to 21.25% on IRIS locked staking!

To thank our users for their support, Binance Staking is offering a bonus interest rate for IRIS locked staking for the first month from 2020/07/31 12:00 PM (UTC) to 2020/08/31 12:00 PM (UTC), offering up to annualized interest of 21.25%. 

Offered Products (Instant Locked Staking)

Digital Assets

Term to Maturity

Total Locked Staking Limit

Standard Annualized Interest Rate

Bonus Activity Interest Rate (APR)

Lot Size

IRIS

30 Days

10,000,000 IRIS

5.7%

8.55%

100 IRIS

IRIS

60 Days

10,000,000 IRIS

7.8%

11.7%

100 IRIS

IRIS

90 Days

10,000,000 IRIS

8.5%

12.75%

100 IRIS

 Please note:

  • Interest rates will revert back to the standard annualized interest rate after the activity period. 
  • Event bonus rewards will be distributed within 2 weeks after the end of the event. You can view your reward distributions under Wallets - Distribution History on your User Dashboard.
  • Only KYC-verified users who participate in IRIS Locked Staking during the event are eligible to receive bonus rewards.
  • Once your tokens are locked-up using a Locked Staking product, your assets will no longer earn monthly staking rewards.
  • Binance holds all rights regarding the interpretation of this event.

Thanks for your support!

Binance Team

2020/07/31

 

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