Web3 Wallet Earn Update: Enhancing Simple Yield with 13 New Protocols and Binance SOL Staking!

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

Fellow Binancians,

We are thrilled to announce new updates to the Binance Web3 Wallet’s Earn section! 13 new protocols have been integrated to allow users to earn yield on more tokens and networks, offering a wider range of APR options and the potential for higher rewards. Additionally, we are introducing Binance SOL Staking, providing another opportunity for users to earn rewards by staking their SOL tokens directly on the Web3 Wallet.

Newly Integrated dApps Include:

• Morpho, Marginfi, Kamino, Spark, Jito, Marinade, Sanctum, Mellow, Eigenlayer, Mantle, Etherfi-King karak LRT, Bnsol, Lista

About SOL Staking:

Following the launch of Binance SOL Staking, we are excited to announce that SOL staking is now available on the Web3 Wallet.

Users can securely stake their SOL tokens and receive BNSOL in return, a liquid staking token that represents their staked assets. BNSOL allows users to continue earning staking rewards while keeping the flexibility to trade, lend, or utilize their assets across various Binance products and third-party protocols. 

About Simple Yield:

In the Simple Yield Zone, users can earn APR by providing liquidity to various third-party protocols, including lending, restaking, and liquid staking, using stablecoins and other tokens. When providing liquidity, users may receive both the Supply APR and Distribution APR, depending on the protocol chosen and the offering of such protocol. 

Enjoy a safer and smoother operation with our enhanced user experience, making it easier than ever to manage and grow your crypto assets.

About Binance Web3 Wallet:

Binance Web3 Wallet is a secure, self-custodial crypto wallet integrated within the Binance App. Developed with a commitment to innovation, security, and seamless user experience, the Web 3 Wallet serves as a bridge between the Binance services and the Web3 world, enabling users to interact with multiple blockchains, trade a wide range tokens, earn yield, and explore a selection of decentralized applications (dApps) all in one wallet.

Guides & Related Materials:

• Binance’s Web3 Wallet: A Self-Custody Wallet

• What Is Binance Web3 Wallet and How Does It Work

• Frequently Asked Questions on Binance Web3 Wallet

Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Thank you for your support!

Binance Team

2024-10-02