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What is BNB vault?
BNB Vault, announced at the beginning of November 2020 is another feature of BINANCE that combines both centralized and decentralized finance in one click, hence allowing BNB hodlers to enjoy multiple benefits and earn up to 10% APY. It is simply known as a BNB yield aggregator as it allows users to maximize their potential earning from hodling BNB's.
This feature rewards users with tokens which have been accumulated from different projects. Projects include:
- Lauchpool (new tokens earned by hodling BNB)
- Savings (flexible and locked savings products)
- DeFi staking
The current rewards under BNB Vault are as shown on the screenshot below.
To use this feature, a Binance user can access the Binance Earn option, then click BNB Vault and click stake to transfer their BNB's and starting earning. All rewards gained will be calculated on the second day and distributed to the Spot wallet. Below is a screenshot of my rewards for staking only 2.0373 BNB from January 2021 till now.
So why not join Binance start enjoying the multiple benefits. To join Binance and start using BNB Vault click here and let's make money together.
With Binance, the future is bright!
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