Maybe I was one of the last to notice BINANCE was offering its first fiat-staking: I noticed it by accident, when checking the actual interests for flexible Savings. Surprisingly, it was not USD but EUR and only EUR. Even if your funds are not insured oder somehow garantueed and there remains a certain risk, Binance is by far the largest crypto-exchange and thus providing reliability. Since the 1st of October, when Binance discontinued its original Flexible Staking Programm, the Flexible Saving possibilities evolved a lot to now over 44 flexible saving products, 5 locked saving products and 24 locked staking products.
Binance's BNB Vault:
On 3rd of November Binance launched a new feature called "BNB Vault", a "BNB yield aggregator to give you the best APY returns". After the farming period of CTK (the last Launchpool project I staked BNB to) ended this morning, my BNB were automatically transferred to the BNB Vault, probably because I activated auto-transfer of BNB in Flexible Savings. They then started accruing HARD (the new Launchpool coin), and I expect a first payout of interests in BNB tomorrow. In my eyes it's an advantage since you don't have to check the Launchpool projects regularily and you remain able to exclusively stake BNB at the Launchpool. Maybe it's even more profitable. Let's give the word to Binance:
"BNB Vault is a capital-guaranteed investment product with flexible access. It integrates various Binance products to maximize the income potential of your BNB from both centralized and decentralized finance in just one click, allowing BNB holders to enjoy all the benefits of the Binance ecosystem with one click."
The income is a mixture of
- new tokens rewarded from Launchpool
- BNB Flexible Savings
- Defi Staking & more.
The staked amount of BNB still counts for BNB holding benefits, the interest is calculated daily and distributed to the spot account.
More about saving and safe investment I wrote in my article Once you sell your coins - what to do with the profits?
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