Binance Launches Soft Staking for Flexible Daily Token Rewards 💥
Binance has unveiled Soft Staking, a new feature that allows users to earn staking rewards directly from their Spot Wallets without locking up their assets. This offering gives users the freedom to trade, withdraw, or use tokens anytime, while still earning rewards based on on-chain proof-of-stake mechanisms.
Rewards are calculated daily according to the average balance of supported tokens held in users’ Spot Accounts and are automatically distributed in the native token. Current supported assets include BNB, SOL, ADA, SUI, TON, NEAR, POL, ALGO, S, and AXS. However, only balances within a specified cap will earn rewards, and users must meet a minimum token holding requirement to qualify.
Unlike traditional staking, Soft Staking involves no redemption periods or lock-ups, offering maximum flexibility. To get started, users can visit the ‘Earn’ > ‘Simple Earn’ > ‘Soft Staking’ section on the Binance platform and agree to the terms.
This service is not available to users in the U.S. or other sanctioned regions due to regulatory constraints. Binance urges users to carefully read the Soft Staking Terms, Binance Terms of Use, and Risk Disclosure before participating, and reminds investors that crypto assets are volatile and come with risks. The company also reserves the right to change or cancel the program at its discretion.
