What is Binance soft staking?
Binance's soft staking allows users to earn staking rewards through certain tokens held in their Spot account. Soft staking offers complete flexibility. Users can trade, withdraw, or use their tokens at any time while continuing to earn rewards.
How to participate in Binance soft staking?
On the Binance website:
1. Log in to Binance and go to the [Earn] section, select [Simple Earn] - [Soft staking].
2. Click on [Activate].
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3. Be sure to read and accept the terms of soft staking (and the associated risk warnings) and click on [Start Earning].
On the Binance app:
1. Log in to your Binance account.
2. Tap [More] on the app's homepage.
3. Go to [Earn] - [Soft staking].
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4. Tap [Activate].
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5. Read and accept the terms, then tap [Start Earning].
What rewards can I earn through soft staking?
By participating in soft staking, users can earn rewards generated by the blockchain's staking mechanism, also known as proof of stake. Rewards are generally paid in the native token of the blockchain, unless stated otherwise.
Soft staking is available for certain tokens only. Users can view the soft staking page to see the list of eligible tokens and their estimated yields.
How are rewards calculated and distributed?
Soft staking rewards are calculated based on the average daily balance of eligible tokens in your Spot account. The snapshot will start at midnight (UTC) the day after soft staking activation.
The first batch of rewards will be distributed to your Spot account two days after activation, between midnight and 8 AM (UTC). Soft staking rewards will be distributed daily to your Spot account. However, due to network congestion, system calculations, and other possible issues, this distribution may be delayed.
Daily rewards = Amount committed to soft staking * APR/365 (up to certain decimals, depending on the cryptocurrency)
Please note that the APR for the amount of assets committed to soft staking is not fixed and may change daily, unless otherwise stated. The APR for soft staking is determined based on various factors to ensure sustainable and advantageous rewards.
Where can I see my rewards?
You can view your rewards and your APR from soft staking on the soft staking page, or check the detailed history of your rewards in the 'Soft staking' section from the [Staking History].
Is there a minimum or maximum amount for soft staking?
Yes, there is a minimum holding requirement on the Spot account. Additionally, there is a cap on the amount of eligible holdings to earn rewards; any excess amount in your Spot account will not generate additional rewards. These two pieces of information are listed on the soft staking page.
Can I choose the tokens to use for participating in soft staking?
No, you will not be able to 'choose' specific tokens. Once soft staking is activated, all eligible tokens in your Spot account will automatically participate and generate rewards.
Can I still receive staking rewards if I have pending Spot orders?
No, assets that are frozen or subject to a pending Spot order will not generate rewards. For more information, please refer to the soft staking terms.
What is the difference between automatic subscription and soft staking?
Soft staking is available only for selected tokens. Tokens are not locked for specified periods and remain accessible in your Spot account, allowing you to trade, withdraw, or use them flexibly to optimize your staking rewards and trading functionality.
Automatic subscription automatically allocates the available balance of your Spot account to flexible Simple Earn products.
When both automatic subscription and soft staking are activated, automatic subscription takes priority. Eligible assets will first be allocated to automatic subscription and will not be included in soft staking.
For more flexible asset management, you can customize which tokens to enroll in automatic subscription by adjusting your preferences in the automatic subscription settings.
Automatic subscription (flexible products) Soft staking
Where to check tokens? Earn Account Spot Account
Flexibility
- Flexible recoveries
- A recovery request may be necessary.
- Flexible recoveries
- No recovery process necessary
Source of rewards Multiple sources, mainly loans Staking mechanisms on the blockchain
Reward calculation Rewards are calculated based on the total amount of tokens subscribed to the flexible Simple Earn products. When users activate soft staking, multiple snapshots will be taken each day to calculate staking rewards.
Do my BNB in the Spot account participating in soft staking still entitle me to enjoy rewards from Launchpool, HODLer airdrops, or Megadrop rewards?
No, your BNB will not entitle you to these rewards if you participate in soft staking.
Do I have to pay fees?
You do not have to pay any additional fees to participate in soft staking. The displayed APR corresponds to what you will receive daily in your Spot account.
Why does the APR change?
Please note that the APR for soft staking is not fixed and may be subject to changes. The APR for soft staking is determined based on various factors to ensure sustainable and advantageous rewards.
Warning: By activating your Spot account for soft staking, you acknowledge that the assets eligible for soft staking are no longer held in your Spot account. Digital assets deployed in staking on the blockchain are subject to various risks. Binance's ability to quickly return your assets included in soft staking may be negatively affected or delayed if a significant number of assets are withdrawn simultaneously from soft staking, and if the amount of assets locked on the blockchain exceeds the available liquidity managed by Binance. There is no guaranteed timeframe for the execution of recovery or conversion requests. The staking rate is subject to change and may vary from the rate applicable at the time of subscription. The prices of digital assets can be volatile. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. The annualized interest rate (APR) is an estimate of the rewards you will earn in crypto over the selected period. It does not represent actual or expected returns in any fiat currency. The APR is adjusted daily, and the estimated rewards may differ from the rewards actually generated. This does not constitute financial advice. For more information, please refer to our Terms of Use and our Risk Disclosure.
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