This week, Binance and EasyFi revealed that high-yield staking through the EASY token would be enabled, with full integration soon to follow within the Binance Smart Chain.
Here’s everything you need to know about the attractive program that offers a staggering up to 40.56% APY and how Binance users can now gain access to this revolutionary opportunity for unprecedented ROI.
EasyFi Staking Program Brings High Yields To Binance Exchange
Starting immediately, Binance Staking has officially debuted its latest new high-yield program, allowing users of the popular cryptocurrency exchange the ability to stake EASY tokens to earn up to 40.56% APY.
The Locked Staking format is offered on a first-come, first-served basis beginning on March 30. The interest calculation period runs from the day after Locked Staking is confirmed and runs through the total period. Interest payouts are made on a daily basis, letting users actively earn ROI.
The enormous potential APY is adjusted daily, centered on on-chain staking rewards. Locked Staking periods range from 15 to 90 days, but early redemption is allowed for the greatest flexibility. In such a case, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal.
Users of the platform can view their available Locked Staking enabled crypto assets on the Binance exchange by going to “Wallets > Savings > Locked Staking.”
Transfer $EASY To Binance With These Simple Steps
EASY has also been fully integrated on the Binance Bridge to enable EASY transfers between Ethereum and the rapidly growing Binance Smart Chain. In the future, EASY will be fully integrated within the Binance Smart Chain protocol.
According to the EasyFi Network, integrating EASY through the Binance Bridge Project will “increase interoperability between different blockchains” and “allow a digital asset owner to convert their crypto assets into Binance Smart Chain wrapped tokens.”
There are two ways to transfer EASY to the Binance Smart Chain, one of which involves using the Binance.com exchange route. In this method, anyone holding EASY tokens since its debut on the platform in 2020 can rely on the same wallet address for both ERC20 and BEP20 versions of the token, ensuring compatibility.
The second method involves using the Binance Bridge itself. Here’s a detailed rundown from EasyFi:
- Install your extension wallet; it can be Binance Extension Wallet or MetaMask
- Go to https://www.binance.org/en/bridge
- The V2 version is selected by default; if not, please change the selection to V2 (top right)
- Click on “Connect Wallet” — select your choice of wallet
- Once you finish unlocking your wallet, you can see your address at the “destination” box.
- Select EASY on the Asset Drop Down
- The “From” and “To” network types (Ethereum → Binance Smart Chain) will be selected by default. You can also move it the other way round.
- Enter the Amount, enter your destination address and then click Next.
Why It Is Now $EASY To #DoMoreWithDeFi
EASY is the native DeFi token powering the EasyFi Network – a layer two lending protocol for digital assets. With collateral options galore, the protocol earns its name due to the simplicity in the benefits it provides participants of the network.
Adapting the protocol to work across several popular blockchain protocols, including Polygon, Ethereum, and of course, Binance Smart Chain, such as the example above, will boost overall liquidity, increase the number of users and opportunities on the growing ecosystem, and make EasyFi’s staking, farming, and lending programs even more seamless and effortless than they’ve already become.
As EASY expands across more protocols and gets even more deeply integrated into the Binance Smart Chain, demand for the token will also increase in tandem. To learn more, visit the EasyFi blog.
This post was originally published on www.newsbtc.com