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Binance Soft Staking is a feature that allows users to earn staking rewards on selected tokens held in their Spot Accounts without locking up their assets. This means you can trade, withdraw, or use your tokens anytime while still earning rewards.
*How Soft Staking Works:*
- Users can activate Soft Staking with a single click on the Soft Staking page. - Rewards are calculated based on the daily average balance of eligible tokens in your Spot Account. - Rewards are distributed daily, typically between 00:00 UTC and 08:00 UTC.
*Benefits of Soft Staking:*
- *Flexibility*: Users can trade or withdraw their tokens at any time without affecting their staking rewards. - *Zero Redemption Steps*: No need to manually redeem rewards or unstake assets. - *Daily Rewards*: Earn staking rewards automatically every day.
*Supported Tokens:*
Some of the supported tokens include ¹ ²: - $BNB - $SOL - $ADA - *Sui - *TON* - *NEAR* - *POL* - *ALGO* - *S* - *AXS*
*Rewards Calculation:*
Rewards are calculated using the formula: Daily Rewards = Soft Staked Amount * APR / 365. Keep in mind that APRs are not fixed and may change daily ³.
Overall, Binance Soft Staking offers a flexible and convenient way to earn staking rewards without locking up your assets. #SoftStacking #SoftStaking
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.