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What is #SoftStaking ? How to activate, benefits, and personal experience.
1. What is Soft Staking on Binance?
It is a form of staking that does not require locking tokens, allowing you to still trade or withdraw at any time while still receiving daily automatic staking rewards.
Just hold eligible tokens in your Spot wallet, and you can earn interest without needing to deposit into Earn as before.
Launched on June 18, currently supports 10 tokens: SOL, ADA, POL, BNB, SUI, S, NEAR, TON, ALGO, AXS.
Details: https://binance.com/vi/support/announcement/detail/55405074fb084650a164b6601314d065
2. How to activate Soft Staking on Binance:
On the Website:
Go to the [Earn] section, select [Simple Earn], then click on [Soft Staking].
Click [Activate].
Read and agree to the terms, then click [Start Earning].
Activate here: https://binance.com/vi/earn/soft-staking
On the Binance App:
Click on [Add] on the app's homepage.
Go to [Earn] > [Soft Staking].
Click [Activate].
Read and agree to the terms, then click [Start Earning].
3. Benefits of Soft Staking on Binance.
No need to lock assets: Freedom to withdraw/trade at any time.
Receive daily automatic interest.
Maintain flexible liquidity, no worries about being trapped in capital.
Easy to use, no complicated operations needed.
Safe and reliable, supported by Binance.
4. Personal experience.
I like Soft Staking because I am not trapped in capital and still receive steady interest.
Tip:
Enable both Auto-Subscribe and Soft Staking, then go into settings to turn off Auto-Subscribe for the tokens you want to hold in the Spot wallet to earn interest from Soft Staking instead of being transferred to Earn.
#SoftStaking