Binance Earn is an umbrella term for a range of products designed to allow users to earn yield or rewards on their crypto holdings. Some of the most popular offerings include:
Flexible Savings: This option allows users to deposit certain cryptocurrencies into Binance’s savings accounts, earning interest over time. The interest is typically paid daily, and users can withdraw their assets at any time.
Locked Savings: Unlike flexible savings, locked savings require users to lock their assets for a specified period in exchange for a higher yield. The longer the lock-in period, the better the return.
Staking: Users can stake their crypto to support blockchain networks and earn staking rewards. This is typically available for coins like Binance Coin (BNB), Ethereum (ETH), and others that offer proof-of-stake (PoS) consensus mechanisms.
Liquidity Farming: Binance also allows users to participate in liquidity pools, providing liquidity to decentralized exchanges and earning yield through transaction fees and rewards.
Launchpool: Binance Launchpool allows users to stake tokens and earn new tokens from upcoming projects, essentially getting early access to exciting crypto projects in exchange for staking their assets.
