Binance Earn has unveiled On-Chain Yields, encouraging users to explore Babylon BTC Staking.
In Brief
By introducing On-Chain Yields, Binance empowers users to take part in a variety of on-chain protocols and gather rewards effortlessly through their accounts.
Cryptocurrency exchange Binance Binance has launched a new feature dubbed On-Chain Yields, which facilitates user interaction with various on-chain protocols, allowing them to earn rewards directly through their Binance accounts.
The first offering under this initiative is Babylon BTC Staking, where users can stake their Bitcoin to receive rewards sourced from the Babylon Protocol. The subscription window opens at 6:00 AM UTC on December 9th, with a limited pool of 1,000 BTC up for grabs on a first-come, first-served basis. Users can stake a minimum of 0.05 BTC and a maximum of 5 BTC.
Starting from 4:00 AM UTC on December 9th, users will have access to the On-Chain Yields page. This innovative feature enables participants to engage with on-chain protocols via Binance and earn rewards in tokens, points, and other forms. Binance The integration and management of the on-chain protocols is handled seamlessly, simplifying the experience for users who wish to earn rewards without the hassle of complex setups. Moreover, users have the flexibility to redeem their subscriptions at any time, enjoying a quicker redemption process in comparison to direct on-chain staking.
To start staking with Babylon using On-Chain Yields, users should click on [Earn] in the main menu of the platform's website, navigate to [High Yield] and select [On-chain Yields], then hit [Subscribe] to confirm their stake amount and the expected rewards. For mobile app users, they can tap [More] on the homepage and go to [Earn] and [On-chain Yields], select their desired portfolio, and click [Subscribe] to begin.
What Is Binance Babylon BTC Staking?
Binance Babylon BTC Staking marks the inaugural on-chain staking option offered through Binance On-Chain Yields, with returns sourced from the Babylon Protocol. Binance streamlines the user journey by allowing Bitcoin holders to stake their funds into the Babylon Protocol and earn rewards provided by Babylon.
Babylon is a Bitcoin staking This is a program where Bitcoin holders can stake their BTC and earn rewards from the Babylon Protocol. Participants in Babylon BTC Staking accumulate Babylon Points, which are non-transferable, cannot be redeemed, and do not possess any monetary value or signify ownership.
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