The On-chain Yields:🔗⛓️
Binance's on-chain yields allow users to participate in various protocols from different blockchains and earn rewards such as tokens, points, and other types of rewards directly through their Binance account. With this product, users can explore high-yield opportunities on the Binance platform without having to perform complex on-chain setups or operations.
⛓️🔗⛓️🔗Let's learn a bit more👇👍
⛓️1. What are Binance's on-chain yields? ✨
Binance's on-chain yields allow you to easily participate in various protocols from different blockchains directly from your Binance account. You can earn rewards in the form of tokens or points without having to perform complex tasks or setups. The Binance on-chain yield product simplifies the staking process on-chain for users, which is usually more complex and involves risks.
⛓️2. What types of rewards are available in Binance's on-chain yields?✨
Binance's on-chain yields offer various types of rewards depending on the on-chain protocols, including tokens and points.
For tokens already supported by Binance, rewards are distributed directly to users' Spot accounts, where they can view and manage their earnings.
For rewards in tokens or points not supported by Binance, users will need to provide their on-chain wallet address, and Binance will distribute the rewards to that address.
⛓️3. Does Binance's on-chain yields offer guaranteed earnings?✨
Binance's on-chain yields are subject to significant risks, and your earnings depend on specific protocols. It does not offer fixed rates or guaranteed earnings. As a user, you assume the risks associated with each protocol, so we recommend conducting thorough research before participating. Please refer to our On-chain Yields Terms, Terms of Use, and Risk Warning for more information.
⛓️4. What are the risks of Binance’s on-chain yields?✨
Binance's on-chain yields are a high-risk product, and their rewards depend on each specific protocol; they are not guaranteed. Each protocol may carry various risks. Here are some of them:
Vulnerabilities in smart contracts: on-chain protocols may have technical vulnerabilities, and users assume the risks associated with the functionality of smart contracts.
🔸Market volatility:
On-chain protocol earnings can fluctuate based on market conditions, which may lead to asset devaluation.
▫️Protocol failure:
Operational or technical issues within on-chain protocols can lead to asset losses.
We recommend users conduct thorough research to understand the potential risks associated with the selected protocols before participating in Binance's on-chain yields.
Binance is not responsible for any asset loss due to issues with on-chain protocols. For more information, including information on some of the risks you may encounter, please refer to our On-chain Yields Terms, Terms of Use, and Risk Warning.
⛓️5. How do I access Binance's on-chain yields?✨
To participate, go to the on-chain yields page and select the protocol you want to interact with. Binance will handle the onboarding to the protocol and manage the on-chain operations for you.
🔸Step 1: Click on [Earn] in the top navigation menu on the Binance homepage.
▫️Step 2: Navigate to [Advanced Earn] >
[On-chain Yield].
🔸Step 3: Click on [Subscribe] and confirm the amount of your subscription and estimated rewards.
⛓️6. How are rewards calculated in Binance's on-chain yields?✨
Rewards are calculated based on the specific protocol that the user selects to participate in.
Binance consolidates rewards, calculates them, deducts fees, and distributes them to users, so they may differ from on-chain earnings. Binance determines the final reward amounts distributed based on each protocol.
Refer to our On-chain Yields Terms for more information.
⛓️7. When do rewards start accumulating?✨
Rewards begin to accumulate the day after subscription, starting at 00:00 (UTC). You will be able to see your reward distributions on the on-chain yields page starting from day T+2. Please note that there may be a delay of up to 8 hours due to the complexity of the data.
For example, if you choose to stake your BTC today (day T), your rewards will start accumulating the next day (T + 1 day), and the rewards from the amount of day T will be distributed the day after they have been accumulated (T + 2 days).
⛓️8. How can I refund my assets after subscribing to the on-chain yield product?✨
Yes, you can submit a refund request. There is a waiting period of up to 72 hours before receiving the assets, during which you can check the status of your refund in the Earn wallet.
Additionally, please keep in mind that there may be processing limitations due to network failures or congestion and that refunds may be subject to restrictions set by Binance.
⛓️9. If I refund assets, will I continue to receive rewards during the refund waiting period?✨
No, the assets you refund will no longer be eligible for daily rewards during the refund waiting period.
⛓️10. Once I initiate a refund, can I stop it?✨
No, the refund process cannot be reversed once initiated. However, you can re-subscribe, but this will be subject to availability.
#BinanceAlphaAlert #BinanceHODLerHAEDAL #DinnerWithTrump
