Binance Earn Introduces On-chain Yields with the Launch of Babylon BTC Staking

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Earn is excited to announce the launch of On-chain Yields, which allows users to easily participate in various on-chain protocols and earn rewards directly through their Binance account.

The first supported offering is Babylon BTC Staking, where users can stake their BTC and earn on-chain rewards sourced from the Babylon Protocol.

The subscription will be available at 2024-12-09 06:00 (UTC), with a limited quota of 1,000 BTC on a first-come, first-served basis. The minimum and maximum subscription amounts per account are 0.05 BTC and 5 BTC, respectively.

Please note that the On-chain Yields page will be available at 2024-12-09 04:00 (UTC).

Benefits of On-chain Yields

Earn Rewards: Users can participate in on-chain protocols through Binance and earn rewards in tokens, points, and other forms.
Easy to Use: Binance manages the on-chain protocol integration and operations, allowing users to access on-chain earnings without needing complex setups.
Redeem Anytime: Users can redeem the subscription anytime and enjoy a shorter redemption time than staking directly on-chain.

Risks of On-chain Yields

On-chain Yields is a high-risk product with rewards dependent on the specific protocol, and rewards are not guaranteed. Each protocol may carry various risks, including but not limited to:

Smart Contract Vulnerabilities: On-chain protocols may have technical vulnerabilities, and users bear the risks associated with smart contract functionality.
Market Volatility: Returns from on-chain protocols may fluctuate with market conditions, potentially leading to asset devaluation.
Protocol Failure: Operational or technical issues within on-chain protocols may result in asset losses.

We recommend that users conduct thorough research to understand the potential risks associated with their selected protocols before participating in On-chain Yields. Binance is not liable for any asset losses due to on-chain protocol issues. For more information please refer to our On-chain Yields Terms, Terms of Use, and Risk Warning.

How to Get Started with Babylon Staking on On-chain Yields:

Website

Step 1: Click on [Earn] on the top navigation menu.
Step 2: Navigate to [High Yield] > [On-chain Yields].
Step 3: Click on [Subscribe] and confirm your stake amount and estimated rewards.

App

Step 1: Tap on [More] on the App homepage.
Step 2: Go to [Earn] > [On-chain Yields].
Step 3: Choose your preferred portfolio and tap [Subscribe] to get started.

About Binance On-chain Yields

Binance On-chain Yields allows users to easily participate in various on-chain protocols and earn tokens, points, and other rewards directly through their Binance account. With On-chain Yields, users can explore high-yield opportunities within Binance without performing complex on-chain setups or operations.

About Binance Babylon BTC Staking

Binance Babylon BTC Staking is the first on-chain staking offering supported by Binance On-chain Yields, with its underlying returns sourced from the Babylon Protocol. Binance facilitates this process by helping users stake their BTC into the Babylon Protocol, enabling them to earn rewards provided by Babylon.

Babylon is a Bitcoin staking protocol that allows BTC holders to stake their Bitcoin and earn rewards from the protocol. By participating in Babylon BTC Staking, users receive Babylon Points. These points do not represent any form of currency or property and are not redeemable, refundable, or transferable.

Please note:

On-chain Yields is a high-risk product with no guarantee of principal or returns. It involves risks such as smart contract vulnerabilities, market volatility, protocol failure, and other potential risks. Users bear these risks independently, and Binance is not liable for losses from on-chain protocols.
Points earned through On-chain Yields are not tokens, have no monetary value, and may not be converted into tokens or other assets. They are non-redeemable, non-refundable, and non-transferable. Binance determines the redemption and distribution of points rewards based on the progress of each protocol. We recommend that users conduct their own research into the on-chain protocols to understand the utilities and limitations of the points before participating.
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