$USDC
Binance Staking allows users to earn rewards by holding certain cryptocurrencies in their Binance accounts. It supports various types of staking, including locked staking, DeFi staking, and ETH 2.0 staking. Locked staking involves committing assets for a fixed period, offering higher yields, while DeFi staking gives access to decentralized finance protocols with simplified access. Binance handles the technical aspects, making it user-friendly, but it may involve risks like lock-up periods and potential loss in case of price volatility. Rewards are distributed regularly, and users can choose from multiple tokens. It’s a passive income option for long-term crypto holders.
