Leading crypto exchange Binance echoed a market frenzy on Thursday, announcing plans to launch On-chain Yields shortly ahead. This new endeavor permits users to seamlessly participate in numerous on-chain protocols while also earning rewards directly through their account on the platform. Simultaneously, the initial offering under this endeavor remains ‘Babylon BTC Staking.’
Binance Unveils On-Chain Yields Garnering Market Attention
In an official Binance release dated December 5, the crypto exchange revealed that it plans to launch On-chain Yieds shortly ahead. As per the announcement, the first offering supported under this endeavor remains Babylon BTC Staking. Notably, users can stake their BTC via this platform to earn on-chain rewards from the Babylon Protocol.
Simultaneously, the subscription starts on December 9 at 06:00 UTC. However, the leading crypto exchange also clarified that the subscription comes with a limited quota of 1,000 BTC on a first-come, first-served basis.
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