#SoftStaking

1. What is Soft Staking?

Soft Staking, as the name suggests, is 'soft' staking. Compared to traditional 'hard' staking, which requires locking up assets, you only need to hold specific tokens in your spot account on the exchange to automatically earn staking rewards without the need for locking up, allowing you to trade or withdraw at any time. This mechanism utilizes on-chain PoS (Proof of Stake) rewards, managed by the exchange, turning you into a 'passive income' machine in no time!

2. How to Activate Soft Staking

Soft Staking Function Entry

Step 1: Open the Soft Staking Function

In Binance, enter the Soft Staking function, which supports multiple tokens such as $POL, $NEAR, $AXS, etc. Register and complete KYC (identity verification) to ensure account security.

Step 2: Hold the Specified Tokens

Open the Soft Staking page of the exchange to view the supported tokens and minimum holding requirements. For example, Binance's $POL requires a minimum holding of 1 token, with a maximum of 300,000 tokens. After purchasing the tokens, simply keep them in your spot account (Spot Wallet), no need to manually lock them up; the system will recognize them automatically!

Step 3: Wait for Earnings to Arrive

The exchange will take daily/weekly snapshots of your holdings, calculate rewards, and regularly (usually monthly) credit them to your account. Want to use your earnings to grab a coffee? Withdraw anytime, with no pressure!