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 automatic daily 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:
Access 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 anytime.
Receive automatic daily interest.
Maintain flexible liquidity, no worries about being stuck with capital.
Easy to use, no complicated operations required.
Safe and reliable, supported by Binance.
4. Personal experience.
I like Soft Staking because I am not stuck with 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 keep in your Spot wallet to earn interest from Soft Staking instead of being transferred to Earn.
