Here is a complete explanation about Soft Staking (Soft Stacking) on Binance:
1. Definition of Soft Staking on Binance
Soft Staking on Binance is a flexible staking option that allows users to earn daily rewards from proof-of-stake based crypto assets stored in their Spot account. Unlike traditional staking, Soft Staking does not require your assets to be locked, so you can still trade or withdraw your assets at any time.
2. How It Works and Benefits
- Users simply need to store supported tokens in their Binance Spot account.
- Staking rewards will be automatically given every day without needing to lock the assets.
- Suitable for users who want high flexibility and still earn returns from their owned assets.
3. Differences from Traditional Staking
- No lock-up period, so assets remain liquid.
- Rewards can be received daily.
- Very easy to activate, just one click without complicated processes.
If you want to start Soft Staking, make sure the tokens you have support this feature on Binance. You can activate it directly through the Earn or Staking menu in the Binance app.