#softstaking
I just realized that the $SoftStaking feature on Binance is like putting money in a piggy bank that gets filled up by itself every day. No need to lock it, it's not complicated, and you can take it out anytime.
So here's the thing, for example, if I have $USDT sitting idle in my spot wallet. Usually, it just stays there, right? Well, if I activate Soft Staking through the menu Earn > Simple Earn > Flexible, that money starts working by itself.
Every day I earn automatic interest, like lending money to a friend but he returns a little interest every night.
What's the difference from regular staking?
Regular staking is like a time deposit, you can't withdraw it anytime you want.
Soft staking is flexible, you can withdraw anytime, and still get daily interest.
For example, yesterday I put in $150 USDT, within a few days it increased little by little, even though it's small, it's consistent. Like water filling a bucket drop by drop, eventually, it will be full.
Try it out, it's pretty good for passive income while lying down. Don't forget to check which assets support Soft Staking!