Recently wrote an article about Soft Staking: Let your cryptocurrency 'earn while lying down'
What is Soft Staking?
Soft Staking is a digital asset management model that allows users to automatically earn additional income by holding specific cryptocurrencies without affecting asset liquidity. Compared to traditional Staking, Soft Staking does not require locking assets, allowing users to keep tokens in their spot account, trade or withdraw at any time while enjoying daily or periodic interest income. This model is similar to traditional bank demand deposits or 'Yu E Bao', but is aimed at the cryptocurrency market, designed to provide passive income for holders.
How to activate Soft Staking?
The process of activating Soft Staking is very simple. Taking Binance's Soft Staking as an example, here are the specific steps:
1 Register and log in to your account: Ensure you have registered and completed identity verification on a platform that supports Soft Staking (such as Binance).
2 Hold supported tokens: Hold supported tokens in your spot account, such as BNB, SOL, SUI, NEAR, etc.
3 Enable Soft Staking function: Log in to the platform, go to the 'Wealth Management' or 'Soft Staking' page, and click the 'Activate' button. Usually, it only requires one-click operation, and the system will automatically identify the eligible tokens in your account.
4 Automatic income: After activation, the platform will distribute income to your account regularly (usually daily or weekly) based on your held tokens and their annualized yield. Income can be checked at any time, and some platforms like Binance will automatically settle at 8 AM every day.
5 Flexible operation: No need to redeem or unlock, tokens in the account can be used for trading or withdrawal at any time, providing high flexibility.
Specific operations may vary by platform, and it is recommended to refer to the official platform website or help center (such as Binance's Soft Staking guide).
Benefits of Soft Staking
1 Low threshold and high flexibility:
2 Passive income
3 Low risk:
4 Diverse sources of income:
My usage experience
As a cryptocurrency enthusiast, the overall experience is very user-friendly. I hold a small amount of BNB and SOL, and after activating Soft Staking, I can see small interest credited to my account daily. This 'zero operation' passive income is very hassle-free. #softstaking