Binance Launches High-Yield CRV Staking Option

Binance is offering a new high-yield staking option for CRV holders.

Locked CRV staking will be offered on a first-come, first-served basis, and is available for 15, 30, and  60- day durations. Lenders can stake anywhere from one to 5,000 CRV, and earn up to 13.42% APY for a 60-day locked stake.

CRV is the in-house token of Curve, a decentralized exchange centered around stablecoins. Binance is the first decentralized exchange to offer CRV staking options.

Locked staking is a process whereby holders lock a specific cryptocurrency to their wallet in order to further support that protocol’s operations and simultaneously accumulate interest.

Currently, CRV’s 13.42% APY over a 60-day period is among the higher potential APY options offered by Binance for locked staking. The highest currently available is 24.49% for SUSHI over a 30-day period.

To be sure, these potential gains are not guaranteed as interest is variable. Binance notes that they won’t be held responsible for any potential losses experienced while locked staking. 

Get smarter on DeFi and Web3

Get the 5-minute free newsletter keeping 60K+ crypto innovators in the loop.

No spam. Unsubscribe anytime.

Trending Now

CelsiusWithdrawalsPaused
Celsius Defies Fear of Implosion as Token Soars 218%
SMSOSOM
Solana Labs Has About 10 People Working on Its Saga Mobile Phone
MarketsPump
Crypto Markets Sustain Rally After Monster Rate Hike

Recent Jobs