Recently wrote an article about Soft Staking: Let your cryptocurrency 'lie down and earn money'
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; users can store tokens in a spot account and trade or withdraw them at any time while enjoying daily or regular interest income. This model is similar to traditional bank demand deposits or 'Yu'e Bao', but targets the cryptocurrency market, aiming 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: Ensure you have registered on a platform that supports Soft Staking (such as Binance) and completed identity verification.
2 Hold supported tokens: Hold tokens supported by the platform in the spot account, such as BNB, SOL, SUI, NEAR, etc.
3 Enable Soft Staking feature: Log into the platform, go to the 'Wealth Management' or 'Soft Staking' page, and click the 'Activate' or 'Turn On' button. Usually, it only requires one-click operation, and the system will automatically recognize eligible tokens in your account.
4 Automatic income: After activation, the platform will regularly (usually daily or weekly) distribute earnings to your account based on the amount and annualized yield rate of your held tokens. Earnings can be viewed at any time; some platforms, like Binance, will automatically settle every day at 8 AM.
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, so 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 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 deposits in my account daily. This 'zero-operation' passive income is very hassle-free. #softstaking