Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked . The APY is adjusted daily based on the on-chain staking rewards and the specific APY is subject to the page display on the day. Unlock period for Locked Staking products: 1 day.
Read moreWhy are tokens locked?
The term token lockup refers to a specific period of time in which cryptocurrency tokens cannot be transacted or traded . Typically, these lockups are used as a preventive strategy to maintain a stable long-term value of a particular asset. … These are often set as one or two years after the launch of a cryptocurrency.
Read moreCan you redeem locked staking early?
Locked Staking FAQ. About early redemption: Users can choose to redeem in advance . After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal.
Read moreHow do you redeem a locked staking?
How can I redeem the Locked Staking early? Open your Binance Wallet – Earn – Locked Staking – Locked – and click the [Redeem] button . If I redeem my staked tokens early, how is the interest calculated?
Read moreDo I get my coins back after staking?
Your coins are still in your possession when you stake them . You’re essentially putting those staked coins to work, and you’re free to unstake them later if you want to trade them. The unstaking process may not be immediate; with some cryptocurrencies, you’re required to stake coins for a minimum amount of time.
Read moreWhat does Locked mean in Binance?
Locked Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network . For more on staking, please refer to Binance Academy.
Read moreWhy are my tokens locked on Binance?
The term token lockup refers to a specific period of time in which cryptocurrency tokens cannot be transacted or traded . Typically, these lockups are used as a preventive strategy to maintain a stable long-term value of a particular asset.
Read more