Expanded Staking Options
Binance has announced the addition of five new tokens to its staking program. Tron (TRX), Aptos (APT), IOTA (IOTA), ApeCoin (APE), and MultiversX (EGLD) will now be among the assets earning rewards through staking.
The platform is expanding this feature, allowing users to earn staking returns on specific tokens in their Spot accounts with a single click.
Understanding Soft Staking
One of the most striking features of Soft Staking is its complete flexibility. Users can earn rewards while also being able to buy, sell, withdraw, or use their tokens for other transactions at any time. In this respect, Soft Staking stands out as a staking model that requires no lock-in and doesn't restrict user mobility.
Supported Tokens and Requirements
With the newly added assets, the total number of tokens supported in the Soft Staking program has increased to 15. The program currently includes BNB, SOL, TRX, ADA, SUI, TON, NEAR, APT, POL, ALGO, IOTA, S, APE, EGLD, and AXS.
Users wishing to benefit from staking rewards must meet a minimum balance requirement for each token. There is also a specific upper limit; balances above this limit do not earn additional rewards.
Accessing More Information
Binance states that users can access detailed information on its Soft Staking page. This update is part of the platform's strategy to expand passive income options.