#SoftStaking Soft Staking is a relatively new feature introduced by Binance, allowing users to earn staking rewards without locking up their assets. Here's what's happening in the Soft Staking space:
- *Binance Soft Staking Launch*: Binance launched Soft Staking on June 18, 2025, enabling users to earn daily rewards on supported tokens like BNB, SOL, ADA, and more without any lock-up period.
- *Supported Tokens*: Some of the tokens supported by Binance Soft Staking include¹ ²:
- *BNB*: Binance Coin
- *SOL*: Solana
- *ADA*: Cardano
- *SUI*: Sui
- *TON*: Toncoin
- *NEAR*: Near Protocol
- *POL*: Polkadot
- *ALGO*: Algorand
- *AXS*: Axie Infinity
- *Benefits*: Soft Staking offers users the flexibility to trade or withdraw their assets at any time while earning daily staking rewards. Rewards are generated using proof-of-stake protocols on the blockchain and are credited to users' accounts daily in the native token.
- *Algorand Soft Staking*: Algorand (ALGO) holders can participate in soft staking directly on Binance, earning daily rewards without any lock-up period. This development is expected to increase ALGO staking participation and liquidity.³
- *Market Reaction*: The introduction of Soft Staking has led to a positive market reaction, with some tokens experiencing price increases. For example, ALGO's price rose by 4.2% within 24 hours of the announcement, accompanied by an 18% increase in trading volume.
For the latest news and updates on Soft Staking, you can check out Binance Square or blockchain news websites like Blockchain.news.⁴
