What is Binance Earn Interest on Holdings? #SoftStaking
How to find Earn Interest on Holdings, click on more on the homepage, go to wealth management, find Earn Interest on Holdings, and then click activate. After activation, look at the tokens below; as long as you hold them in your account, you can earn interest without needing to stake or having a lock-up period, just hold!
Binance Earn Interest on Holdings allows users to earn staking rewards on specified tokens held in their spot accounts. Earn Interest on Holdings provides ample flexibility, allowing users to trade, withdraw, or use their tokens at any time while still earning rewards.
To participate in Earn Interest on Holdings, simply click “Activate” on the Earn Interest on Holdings page. After activation, users will automatically start earning staking rewards from any supported tokens held in their spot account. Please note that supported tokens may change. Check the Earn Interest on Holdings page for the current list of supported tokens.
By participating in Earn Interest on Holdings, users can receive rewards generated by blockchain staking mechanisms (also known as Proof of Stake). Unless otherwise specified, rewards are typically paid in the native currency of the tokens.
The Earn Interest on Holdings rewards are calculated based on the daily average balance of eligible tokens in the spot account. Snapshots will begin at 00:00 (UTC) on the day following the activation of Earn Interest on Holdings.
The first rewards will be distributed to the user's spot account two days after activation (between 00:00 (UTC) and 08:00 (UTC)). Earn Interest on Holdings rewards will be distributed daily to the spot account. However, due to network delays, system settlements, and other unforeseen issues, rewards may also be delayed.
Daily reward = Earn Interest on Holdings staking amount * annualized yield / 365 (precise to decimal places, depending on the token)
Users can view their Earn Interest on Holdings rewards and annualized yield on the Earn Interest on Holdings page, or check detailed reward records in the “Earn Interest on Holdings” section of the staking history.
