Binance Staking Launches SRM and VGX Staking

Fellow Binancians,

Binance Staking has officially launched a new high-yield activity. Stake your SRM and VGX starting from 2021-09-23 12:00 PM (UTC) to earn up to 9.25% APY.

Locked Staking Format: First-come, first-served basis.
Interest Calculation Period: From 00:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
Interest Payout Time: On a daily basis.

Offered Products ( Locked Staking)

Digital Assets	Duration	Max. Locked Staking Limit Per User	Standard Annualized Interest Rate	Min. Locked Staking Limit
SRM	30 days	4,000 SRM	5.58%	1 SRM
SRM	60 days	1,000 SRM	6.84%	1 SRM
SRM	90 days	500 SRM	8.95%	1 SRM
VGX	30 days	10,000 VGX	6.12%	1 VGX
VGX	60 days	4,000 VGX	7.24%	1 VGX
VGX	90 days	1,000 VGX	9.25%	1 VGX

Please note:

Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked.
The APY is adjusted daily based on the on-chain staking rewards and the specific APY is subject to the page display on the day.
Unlock period for Locked Staking products: 1 day.
Locked Staking FAQ.
About early redemption: Users can choose to redeem in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48-72 hours to receive the tokens.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.

Thanks for your support!

Binance Team

2021-09-23

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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

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