This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
The Babylon BTC Staking (Points Rewards) product on Binance Earn On-Chain Yields has officially ended. Binance will assist users in completing the reward distribution and fund redemption process. Please refer to the details below:
About Points Rewards:
According to the official announcement from the Babylon project, the Babylon Points Program has ended on 2025-04-02 (UTC). No further points have been accumulated since that date. You can check your staked amount, accumulated points, and redemption status via [Assets] – [Earn] – [Staking] – [On-Chain Yields Flexible].
About BTC Staking Redemption:
Users can initiate BTC redemption at any time via [Assets] – [Earn] – [Staking] – [On-Chain Yields Flexible]. The redeemed BTC will be returned to your Spot Account within 3 days. Please note that BTC redemption will not affect any points you have already earned.
If you do not manually initiate redemption, Binance will automatically return all staked BTC to your Spot Account on 2025-04-15 (UTC).
About Babylon BTC Staking Airdrop Rewards Distribution:
Binance will assist users in claiming and distributing the Babylon BTC Staking airdrop rewards. No action is required from users. The corresponding rewards will be distributed in BABY tokens directly to the user’s Spot Account on 2025-04-10 (UTC).
About the Extra Airdrop Rewards for BTC Staking via Binance:
Users who participate in BTC staking through Binance will receive an extra 12% Airdrop rewards based on the points earned. This reward will be distributed together with the Babylon BTC Staking airdrop rewards directly to the user's Spot Account.
Please note: The points shown in your Earn Account only include the original staking rewards; the extra 12% rewards are not included and will be calculated separately.
Binance On-Chain Yields allows users to easily participate in various on-chain protocols and earn tokens, points, and other rewards directly through their Binance account. With On-Chain Yields, users can explore high-yield opportunities within Binance without performing complex on-chain setups or operations.
Changes to the On-Chain Yields Rewards Rate will be published on the Platform from time to time. Please refer to On-Chain Yields Terms, Terms of Use, and Risk Warning for more information prior to using On-Chain Yields.
Users may view their On-chain Yields subscriptions by going to Assets > Earn > Staking > On-Chain Yields.
Early redemptions may be delayed due to exceptional circumstances, such as extreme market volatility, network outages, protocol failures, or a high volume of simultaneous redemption requests. For more information on associated risks, please refer to the risk warning.
On-Chain Yields is a high-risk product with no guarantee of principal or returns. It involves risks such as smart contract vulnerabilities, market volatility, protocol failure, and other potential risks. Users bear these risks independently, and Binance is not liable for losses from on-chain protocols.
Points earned through On-Chain Yields are not tokens, have no monetary value, and may not be converted into tokens or other assets. They are non-redeemable, non-refundable, and non-transferable. Binance determines the redemption and distribution of points rewards based on the progress of each protocol. We recommend that users conduct their own research into the on-chain protocols to understand the utilities and limitations of the points before participating.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-04-10
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. On-chain Yields rewards, points, and APR are estimates of rewards you will earn over the selected timeframe. They do not represent actual or predicted returns/yield in any fiat currency. DeFi projects are typically more complex and carry higher risks. Users will bear these risks independently, and Binance does not assume responsibility for any asset losses due to participation in On-chain Yields or DeFi Projects. Always do your own research on the protocols. This is not financial advice. For more information, see our Terms of Use and Risk Warning.
