What is the difference between holding cryptocurrency for interest and Alipay's Yu'ebao or WeChat's Wallet?
1. Asset Types and Sources of Income: Holding cryptocurrency for interest: Based on cryptocurrencies, income comes from staking on the blockchain or DeFi protocols, with higher yields but greater volatility; price fluctuations may also affect total returns. Yu'ebao/Wallet: Based on RMB, invests in low-risk money market funds (such as short-term bonds), providing stable but lower returns, basically unaffected by market fluctuations.
2. Risk Differences: Holding cryptocurrency for interest: Although it is a low-risk cryptocurrency financial product, it still faces platform risks (such as Binance being hacked or going bankrupt), policy risks (different regulations on cryptocurrencies in various countries), and price fluctuation risks (for example, a drop in BNB price). Yu'ebao/Wallet: Money market funds have extremely low risks, basically ensuring capital preservation, with strict financial regulation in China, high security of funds, but lower returns.
3. Use Cases: Holding cryptocurrency for interest: Suitable for cryptocurrency investors looking to increase asset value within the Binance ecosystem (such as participating in Launchpool, trading). Not suitable for daily consumption. Yu'ebao/Wallet: Deeply integrated into daily payment scenarios, for example, Yu'ebao can be directly used for shopping on Taobao, Wallet can send red envelopes and transfer money, with a high degree of everyday usability.
4. Internationalization and Regulation: Holding cryptocurrency for interest: Targeted at global users, Binance operates in multiple countries, but the regulatory environment for cryptocurrencies is complex and may be restricted by policy changes. Yu'ebao/Wallet: Mainly serves Chinese users, with limited international features (such as Alipay's Hong Kong version supporting a few countries), but is strictly regulated by the People's Bank of China, with strong compliance.
5. Returns and Flexibility: Holding cryptocurrency for interest: The yield is usually higher than Yu'ebao/Wallet, but with high volatility (for example, BNB's APY may vary from 2% to 8%). High flexibility, funds are not locked. Yu'ebao/Wallet: Lower yield (about 1.5%-2.5% in 2025), but stable, with almost no risk of loss. Funds can be used for payment or withdrawn at any time.
1. Zero-Knowledge Proof (ZK) Technology: - Zero-knowledge proofs allow for the verification of something as true without revealing the details of the data. For example, you can prove that an AI model's computation result is correct without disclosing the model or input data. - This is particularly useful in privacy protection (such as healthcare, finance) and cross-chain data verification.
2. Decentralized ZK Prover Network: - Composed of nodes operated by over 85 top operators (such as Coinbase, Kraken, OKX), ensuring a decentralized and censorship-resistant network. - Nodes participate in proof generation by staking $LA tokens; failure may result in slashing, ensuring reliability.
3. ZK Coprocessor: - Allows developers to query blockchain data like operating a database (supports SQL queries), without being constrained by high on-chain gas fees. - It offloads complex computations off-chain, generates ZK proofs, and then verifies on-chain, resulting in high efficiency and low cost.
4. DeepProve (zkML): - Designed specifically for AI, it can verify whether the inference results of AI models are correct. For instance, proving that an AI prediction is based on correct data and model, with a speed 158 times faster than other zkML solutions.
5. Cross-Chain Interoperability: - Supports cross-chain data verification without relying on centralized bridges or oracles. For example, verifying whether the DAO voting results on Ethereum can be used on Scroll. - Compatible with all EVM chains (Ethereum, Polygon, etc.), and will support non-EVM chains like Solana and Cosmos in the future.
6. $LA Tokens: - LA is the native token of the Lagrange ecosystem, with a total supply of 1 billion and a current circulating supply of approximately 193 million. - Used for paying proof generation fees, incentivizing node operators, staking, and governance. Token holders can earn a share of network fees by staking LA.
$LA Family, is this event on the 3rd and 4th a choice between one or both, and what should we do if we can't play the contract for now? #lagrange @Lagrange Official
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币安Binance华语
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Users with Binance Alpha Points greater than or equal to 213 can participate in this Pre-TGE event through the Alpha event page. Participation in this event will consume 10 points.
⚠️ Important note: Pre-sale tokens will have a lock-up period and cannot be traded, transferred or used for the time being. The unlocking period is determined by the project party and may not be disclosed in advance. Please be sure to understand the relevant restrictions before participating in the purchase.
1. Efficient and Low Cost: - By utilizing off-chain computation and parallel processing, Lagrange significantly reduces the cost of complex calculations. For example, querying the average price of historical blockchain data may incur high Gas fees with traditional methods, but Lagrange can accomplish this at a low cost. - Its DARA (Double Auction Resource Allocation) mechanism matches computing needs with providers through auctions, ensuring fair and efficient resource allocation.
2. High Scalability: - Lagrange's "infinite proof layer" design supports large-scale computations, claiming to handle over 50,000 blocks of data queries, suitable for big data scenarios. - The modular architecture allows each subnet to serve specific applications, avoiding network congestion.
3. Decentralization and Security: - Based on the EigenLayer restaking mechanism, leveraging Ethereum's economic security, there are currently approximately $6 billion in staked assets securing the network. - The decentralized node network avoids single points of failure and has strong censorship resistance.
4. Wide Range of Application Scenarios: - Blockchain: Supports ZK Rollup (such as ZKsync, Polygon), enhancing scalability; cross-chain governance (like DAO voting verification); DeFi data analysis (for liquidity mining reward calculation). - AI: Validates AI inference results, applicable in fields like healthcare (privacy-preserving diagnostics), finance (compliance verification), etc. - Others: Computational demands for high-throughput applications in gaming, social media, etc.
5. Top Partners: - Collaborations with ZKsync, Polygon, LayerZero, Coinbase, NVIDIA, etc., demonstrating strong ecosystem integration capabilities. - Already listed on mainstream exchanges like Binance and Coinbase, with high market recognition.
#SoftStakimg What is holding cryptocurrency for interest really about!! A single post to explain it clearly
Definition: Binance's holding cryptocurrency for interest is a low-risk cryptocurrency wealth management product that allows users to store specific cryptocurrencies (such as BNB, SOL, ADA, FDUSD, etc.) in their Binance spot account and automatically earn interest (returns) without any additional operations. It is essentially a type of 'Soft Staking' mechanism, where users do not need to lock their funds and can trade or withdraw assets at any time while earning returns similar to bank deposit interest.
Simplified Explanation: Imagine your cryptocurrency (like BNB) in your Binance wallet is like being in a bank account; you don't have to worry about it, and it automatically 'earns interest' every day. You don’t need to specifically 'lock' it or subscribe to complex products; the system will automatically 'lend' your coins (for staking or liquidity mining, for instance) and then distribute the returns to you. The key point is that your coins can be used for trading or withdrawals at any time, making it super flexible.
How to Operate: 1. Log into Binance and go to the [Wealth Management] - [Holding Cryptocurrency for Interest] page. 2. Activate the feature (one-click activation, basically no threshold). 3. As long as you have supported cryptocurrencies (like BNB, SOL) in your spot account, the system will automatically calculate and distribute returns daily.
Sources of Returns: 1. Mainly comes from Binance using your cryptocurrency for staking, liquidity mining, or other DeFi protocols, and then sharing a portion of the earned returns with you. 2. The yield (APY) fluctuates based on the cryptocurrency and market conditions; for example, BNB might have an annual return of 2%-5%, and stablecoins like FDUSD might be higher (specifics can be checked on Binance's official website).
Features: 1. No lock-up: Funds are not locked, and can be traded or withdrawn at any time. 2. Low operational cost: No need for manual subscriptions or complex setups. 3. Low risk: Compared to DeFi mining or locked staking, the risks are lower (but platform risks should still be noted). 4. Automatic returns: Interest is calculated daily, and earnings go directly into the spot account.
Name Origin: The name Lagrange is inspired by the mathematician Joseph-Louis Lagrange's 'Lagrange points' (equilibrium points in astronomy), symbolizing its provision of stable and trusted connections in the blockchain ecosystem.
Lagrange is a decentralized blockchain infrastructure platform focused on leveraging **Zero-Knowledge Proof (ZK)** technology to solve computational and verification challenges in blockchain. Its core goal is to enable blockchain applications (like DeFi, cross-chain communication, AI reasoning, etc.) to efficiently and securely handle complex computations while maintaining decentralization and verifiability.
Lagrange's main products include:
1. ZK Prover Network: A decentralized proof generation network composed of multiple nodes (operated by top providers like Coinbase, Kraken, etc.), responsible for executing off-chain computations and generating zero-knowledge proofs. 2. ZK Coprocessor: A module supporting complex computations, allowing developers to query blockchain data in a SQL-like manner and verify results on-chain. 3. DeepProve (zkML): A zero-knowledge proof tool specifically designed for AI reasoning, ensuring that the computation results of AI models are verifiable and privacy-preserving.
In simple terms, Lagrange acts like a 'super computing assistant', helping the blockchain handle heavy computational tasks (like querying historical data, verifying AI reasoning), and then using zero-knowledge proofs to ensure the results are trustworthy, saving time, effort, and ensuring security.
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Want to be a blogger, want to make money What type of content do you all like to see on Binance Square? Besides borderline content Because I really can't manage that 🥲🥲🥲 #币安
How can newcomers start earning in the cryptocurrency world with $100? As a novice who has just entered the space, I have over $100 in USDT and BNB in my Binance spot account. I usually don’t dare to make any moves, fearing losses and not understanding complex financial operations. Later, I tried Binance's [Soft Staking] feature, which is truly the most user-friendly “lazy investment tool” I have used so far. All you need to do is hold the supported coins in your spot account, no lock-up, no staking, no selected duration, and you can automatically receive daily earnings in your account, which is completely manageable for beginners like me. 📌 What is Soft Staking? It is an automatic earning feature that does not require lock-up or staking. As long as you hold supported coins (such as BNB, SOL, DOT, ADA, ETH, USDT, etc.) in your spot account, the system will take a snapshot of your holdings every morning at 8 AM, automatically calculate the earnings, and credit them to your account. ✅ No lock-up, no freezing; ✅ No minimum amount threshold; ✅ Daily earnings credited, visible; ✅ Sell anytime, does not affect trading. 📌 How to activate this feature? Just 1 minute! This is how I activated it (using the App): 1. Open the Binance App and click on “More” on the homepage; 2. Find the “Finance” section and click into “Soft Staking”; 3. Agree to the terms and click “Enable”, done ✅ 📌 My real usage situation My current total assets amount to $178 (see screenshot below 👇), mainly in USDT and a little BNB. After enabling Soft Staking, I receive a “yesterday’s earnings” notification from the system every morning. Although the daily earnings are currently just over $0.018, it has the advantage of: ✔ Completely automatic, free earnings; ✔ Even small amounts can participate; ✔ No need to watch the market, does not affect trading. 📌 Advice for fellow newcomers If, like me, you just leave your coins idle, you might as well enable this feature and let it “earn money for you while lying down.” You don’t have to choose products, lock up funds, or take on additional risks; it is a completely low-threshold investment method. ⚠️ Notes: • If your coins are in an open order (such as an unfulfilled limit order), they do not count towards earnings; • Earnings are variable, but are credited daily, very clear and transparent. 💕Let your coins earn money while lying idle~ #SoftStaking @Binance
How can newcomers start 'earning while lying down' in the crypto world with $100? This method is perfect for me.
As a newbie who just entered the space not long ago, I have over $100 of USDT and BNB sitting in my Binance spot account, and I usually don't dare to move it around, fearing losses and not understanding complicated financial operations. Later, I tried Binance's [Interest-earning on Holdings / Soft Staking] feature, and it truly is the most user-friendly 'lazy finance tool' I have used so far. You just need to keep supported coins in your spot account, no locking, no staking, no choosing terms, and you can automatically earn daily profits, making it completely accessible for beginners like me.
📌 What is interest-earning on holdings (Soft Staking)?
I'm tired, I am researching whether I can do cross-border foreign trade I downloaded TikTok, preparing to study it, and then move some videos to sell goods, but the VPN for Hong Kong can't log in because TikTok has been sanctioned in Hong Kong Damn Can't earn a bit of money #赚钱平台 #tiktok