If you want to generate passive income with your cryptocurrencies, staking in Binance Wallet through the EARN function is an excellent option. Below, I will explain how to participate in the staking of BNB to earn DAO with an annual APY of 28%, in a few steps:
Access your Binance Wallet
Make sure you have an account on Binance and have set up your Binance Wallet. Download the Binance app (available for iOS and Android) or access it from the official website.
Go to the "Earn" section
In the app or platform, look for the "Earn" tab (it may be in the main menu or in the finance section). This function allows you to explore different staking options and savings products.
Select BNB staking
Within "Earn", look for the staking option for BNB. Filter by "Staking" and review the available options. In this case, look for the product that offers an annual APY of 28% with rewards in DAO. Make sure the network is BNB Chain, as shown in the completed transaction.
Set up your staking contract
Amount: Enter the amount of BNB you wish to stake. For example, in the transaction you made, 0.00008579 BNB was staked.
Duration: Select the staking period, which in this case is 1 year to obtain the 28% annual APY.
Confirm the details: Review the conditions, such as protection against MEV (disabled in your case) and the network fees (0.00008579 BNB in your transaction).
Sign the transaction
Once you have set up the contract, click on "Confirm" or "Call a contract". This will send the transaction to the BNB Chain. Make sure you have enough BNB in your wallet to cover the network fees. In your case, the transaction was made from address 0x901bec15d72d75671af14f6d005200f3332385ff to address 0x1adb950d8bb3da4be104211d5aba03862be477fe6.
Check the status of the transaction
Once sent, the transaction will be processed on the BNB Chain. You can check its status with the transaction ID (in your case, 0xb2df...973554). If everything is correct, you will see a "Completed" message along with the date and time (like 2025-05-07 19:43:36 in your example).
Enjoy your rewards
Once staking is active, you will start receiving your rewards in DAO according to the annual APY of 28%. These will accumulate over a period of 1 year, and you will be able to claim or reinvest them based on the options offered by Binance.
Important notes:
Make sure you understand the risks of staking, such as the volatility of BNB and DAO prices.
Check the network fees and ensure you have enough funds to cover them.
If you wish to cancel the staking early, check if there are penalties or restrictions.
And that's it! With these steps, you can participate in BNB staking in Binance Wallet and start earning DAO with an attractive annual APY of 28%.