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Binance Staking Launches OAX Staking with Up to 38.90% APY

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Binance Staking Launches OAX Staking with Up to 38.90% APY

Fellow Binancians, Binance Staking has launched a series of new high-yield OAX Locked Staking activities. Stake your OAX starting from 2022-02-11 at 12:00 PM (UTC) to earn multiple rewards. Activity 1: Deposit & Stake OAX for 10 or 30 Days, Enjoy Up to 38.90% 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 OAX 10 days 1,000 OAX 38.90% 1 OAX OAX 30 days 40,000 OAX 10.00% 1 OAX

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.

Activity 2: Buy & Stake OAX to Share 30,000 OAX Promo Period: 2022-02-11 12:00 PM (UTC) — 2022-02-18 11:59 AM (UTC) During the promotion period, users who spot-trade OAX tokens (net purchase amount = purchase amount — sell amount > 3,000 OAX) and participate in 30 days of OAX Locked Staking are eligible to participate in the activity. 150 users will be selected from all eligible participants based on the Award Selection Rules Based on Binance Chain Hash Value, to each win 200 OAX tokens. Terms and conditions:

  • The OAX rewards of Activity 2 will be allocated to recipients’ Binance Wallets within two weeks after the activity ends. Users can see their rewards by selecting the Account > Wallet > Distribution.
  • The 10-day OAX Locked Staking is a high-yield activity, therefore it is not included in Activity 2.
  • Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
  • Binance reserves the right to cancel or amend the Activity or Activity Rules at our sole discretion.

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.

Source: ethereum.today

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