Bitcoin exchange Binance has unveiled the BNB Vault, which allows Binance Coin holders to generate passive income on a daily basis.
“BNB Vault is an investment product with guaranteed return on capital and flexible access. It integrates various Binance products to maximize the potential income from your BNB by interacting with centralized and decentralized finance in one click, ”Binance said.
Revenue from interaction with the BNB Vault service is generated from three sources:
rewards in tokens of Binance Launchpool projects;
floating rate deposits (BNB Flexible Savings);
DeFi staking rewards.
Soon, users will also be generating income from interactions with the Binance Smart Chain.
The new product page states that the current return on the BNB Vault is 5% -8% per annum.
In September, Binance pledged $ 100 million to support the DeFi ecosystem and ensure it interacts with centralized services.
Posted Using LeoFinance Beta
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