The WCT (WalletConnect Token) is the native token of the WalletConnect ecosystem, designed for governance participation, fee payments, and staking. @WalletConnect
It is an open protocol that enables secure and compatible interactions between wallets and decentralized applications. Since its launch in 2018, it has facilitated over 180 million connections for more than 30 million users. #TrandingTopic
Recently, Binance incorporated WCT into its platform, including Simple Earn, Margin, and Futures. Since April 15, 2025, users can earn passive income by placing $WCT in Simple Earn.
Yesterday, the yield of WCT in Binance Simple Earn exceeded 1200% annually, and today it stands around 929.8%. These high rates may be due to several factors:
1. User attraction: High APYs are used to generate interest in new tokens and attract liquidity.
2. Limited supply: In the early stages of a token's launch, there may be a limited number of coins available for staking, increasing profitability for the early participants.
3. Risks and volatility: High returns may offset the potential risks associated with the token's volatility or uncertainty about its future value.
It is important to note that these high rates may be temporary and decrease as the number of participants increases and the market stabilizes. Before investing, it is recommended to carefully assess the risks and conduct your own analysis.