What is BNB Vault? How to use the BNB Vault?
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BNB Vault is a new feature on Binance Earn that enables users to earn income from various products on Binance from holding BNB in the long term. So what is BNB Vault? This article learns about the risks and returns of investing in this feature.
What is BNB Vault?
BNB Vault is a profit aggregator that makes it easy and flexible for users to profit from holding BNB across various products within the Binance platform. It has a simple interface, making it easy for users to capture and receive multiple sources of income from BNB of different products (centralized and decentralized financial products) by integrating numerous Binance products and the Binance ecosystem. This feature allows users to buy and hold BNB long-term to maximize profits. It is a very convenient, easy-to-use feature. Users can perform operations to enjoy profits with just one click, automatically allocating BNB to different products. Besides, investors can withdraw money flexibly at any time.
How to calculate BNB Vault earnings?
BNB Vault Daily Earnings = New Launchpool Token Rewards + BNB Flexible Savings + Defi Staking and other products.
Example: If staking 100 BNB will receive the following three sources of income:
- Get Spot earnings from BNB flexible savings (100 BNB limit);
- Receive token rewards from Lauchpool (limit 100 BNB);
- Get income from Defi staking and other sources of income (like mining on BSC chain according to holdings).
Is BNB Vault Risky?
Vault is a guaranteed investment product and flexible early withdrawal or sale of staking BNB. In addition, the BNB staking in BNB Vault is included in the BNB Calculation Mechanism and benefits from the Daily BNB Balance Calculator. It can be ten times more profitable than staking BNB. APY (year rate of return) is adjusted for actual earnings and risk of BNB Flexible Savings, Defi Staking, Launchpool, and potential future Earn product. In general, it is the most effective investment product.
How to Use BNB Vault to Maximize Profits?
Login to Binance account. If you do not have a Binance account, register using the link below:
* See more: The complete guide Binance from a to z
Click the Finance tab select Binance Earn. Scroll down choose Go to BNB Vault.
Click Stake, and the Stake BNB registration window will appear: Read and agree to the terms of the Binance Service Agreement, enter the amount of BNB want to stake, and click “Confirm”.
After confirmation, users start to get profit from this feature. BNB will be automatically allocated to different products on Binance.
- Unlock staking BNB
Click Untake to unlock BNB staking. There are two options for Fast Redemption and Standard Redemption. The Fast Redemption function allows users to withdraw BNB within the same day. Whereas Standard Redemption allows BNB withdrawal the next day, users still get today’s profits.
- Other functions
Users can see the amount of BNB staking in the My Share section. The rewards details are shown in the My Rewards section and click on Distribution History to know the history of asset allocation to products.
Above is the information you need to know before investing in BNB Vault. BNB is an aggregator of profits from BNB combining from many different product sources on BNB such as Lauchpool, Savings, Defi Staking, etc., all on one platform. It opens up a lot of potential related to BNB in the future. Learn more about other investment products on Binance here.
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