Sirlibz
The world’s top-leading crypto currency exchange Binance, has announced that it will be expanding the Binance Earn product suite with a new feature called the “BNB Vault “. The BNB vault will allow users to earn from a wide range of other several Binance products to offer an annual yield of between 5%-10%.
This new feature will allow Binance tokens users to simply stake their tokens and in exchange, earn an interest which Will be calculated and paid out daily. The interest starts to accrue at 0.00 AM (UTC) on the 2nd day after one has staked their BNB. Users will get their income payments starting on the 3rd day of staking.
Funds staked can be tracked through their tokens via the platforms vault page>my share. Staked BNB tokens will allow the users to earn such incentives as VIP rights, launch paid holding position, airdrops, and daily BNB balance calculation. BNB tokens staked can also be unstaked at any time they want from the vault.
“BNB Vault Is a Capital-Guaranteed Investment Product With Flexible Access. It Integrates Various Binance Products to Maximize the Income Potential of Your BNB From Both Centralized and Decentralized Finance in Just One Click.”
This development will boast Binance token ecosystem, even boosting the user case of BNB and this too is in line with the exchanges effort to integrate Defi projects through the recently launched Binance Smart Chain (BSC). The smart chain hosts multiple yield farming projects which includes the likes of pancakes and burger swap.
