james ding
October 2, 2024 09:02
Binance Web3 Wallet integrates 13 new protocols and introduces SOL staking, expanding monetization opportunities for users.
According to Binance, Binance has announced significant updates to the earning section of the Web3 wallet, including integrating 13 new protocols and introducing SOL staking.
New protocol integration
The latest update to the Binance Web3 Wallet adds 13 new decentralized applications (dApps), allowing users to earn from a wider range of tokens and networks. The newly integrated dApps are Morpho, Marginfi, Kamino, Spark, Jito, Marinade, Sanctum, Mellow, Eigenlayer, Mantle, Etherfi-King karak LRT, Bnsol, and Lista. These improvements provide users with a wider range of Annual Percentage Rate (APR) options and higher reward potential.
Introduction to SOL Staking
In addition to the new protocol, Binance also introduced SOL staking through Web3 Wallet. Users can now stake SOL tokens and receive BNSOL, a liquid staking token that represents the staked asset. This allows users to continue earning staking rewards while maintaining the flexibility to trade, rent, or use assets across a variety of Binance products and third-party protocols.
simple yield zone
The Simple Yield Zone within the Binance Web3 wallet allows users to earn APR by providing liquidity to various third-party protocols. These protocols include lending, re-staking, and liquid staking, and allow users to utilize stablecoins and other tokens for these activities. Depending on the protocol chosen, users can receive both supply APR and distribution APR.
Improved user experience
This update aims to improve the overall user experience by providing safer and smoother operation. Binance Web3 Wallet is designed to help users manage and grow their cryptocurrency assets more easily.
Binance Web3 Wallet Information
Binance Web3 Wallet is a secure, self-managed cryptocurrency wallet integrated within the Binance app. It allows users to interact with multiple blockchains, trade different tokens, earn profits, and explore a variety of decentralized applications within one wallet. Developed with a focus on innovation, security, and a seamless user experience, Web3 Wallet serves as a bridge between Binance services and the Web3 world.
For more details, please refer to Binance’s official announcement.
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