1. What is staking and why ADA?
Staking means locking a certain amount of ADA to support the Cardano network and participate in securing transactions, in exchange for periodic rewards.
ADA is among the most supported assets on Binance Earn thanks to its protocol technology and competitive yields.
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2. Available staking options for ADA on Binance Earn
1. Locked Staking (30 days)
Expected annual yield (APY): 5.2%
Lock-in period: 30 days (cannot withdraw during this period)
Benefits: Higher fixed yield, suitable for those who do not need immediate liquidity.
2. Flexible Staking
Expected annual yield (APY): 4.0%
Lock-in period: Flexible, can withdraw at any time
Benefits: Flexibility in liquidity for a reasonable yield.
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3. Steps to activate staking for ADA
1. Log in to your verified Binance account
Open the Binance app or website and log in.
2. Go to Binance Earn
From the top menu, select Earn then Binance Earn.
3. Search for 'Cardano (ADA) Staking'
Under the Staking section, choose Locked Staking or Flexible Staking.
Select 'Cardano (ADA)' from the asset list.
4. Set the amount and the lock-in period
In Locked Staking:
Enter the amount of ADA (e.g., 1,000 ADA ≈ 663.80 USDT).
Set 30 days to view the APY details and then click Confirm.
In Flexible Staking:
Enter the amount of ADA and then click Subscribe; rewards are accrued daily and can be withdrawn at any time.
5. Monitor the rewards
Locked: Rewards are automatically added to your wallet after 30 days.
Flexible: Rewards are added daily and can be withdrawn or restaked at any time.
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4. Tips for risk management
Distribute your amounts between Locked and Flexible Staking to achieve a mix of security and flexibility.
Follow the price of ADA: If it drops more than 10% during the staking period, you may miss the opportunity to restake at a higher rate.
Monitor the end of the staking period two days in advance to decide whether to renew or withdraw without delay.
Follow updates on the Cardano network (e.g., Vasil Hard Fork upgrade) as they may affect the price and the APY.
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5. A simplified calculation example
Locked Staking (30 days)
If you staked 1,000 ADA (≈ 663.80 USDT):
APY 5.2% annually = 52 ADA annually.
For a period of 30 days: 52 × (30 ÷ 365) ≈ 4.27 ADA (~2.83 USDT).
Flexible Staking
If you staked 1,000 ADA:
APY 4.0% annually = 40 ADA annually.
For a period of 30 days: 40 × (30 ÷ 365) ≈ 3.29 ADA (~2.18 USDT), added daily at a rate of 0.11 ADA/day.
Will you open an ADA staking contract today? Or do you prefer the flexibility of Flexible Staking? Share your plan or questions with us!
