Binance launches rewards program for Ethena’s USDe stablecoin with 12% APR


Binance launches rewards program for Ethena’s USDe stablecoin with 12% APR

  • The limited-time promotion gives 12% APR.
  • Customers ought to maintain a minimum of 0.01 USDe for a day to qualify.
  • Contributors will obtain their incentives weekly.

Binance has introduced an incentives program for Ethena’s stablecoin, providing customers a profitable alternative to earn returns by holding USDe.

The official announcement particulars how the platform will calculate the rewards, distribution, and participation necessities.

Notably, Binance confirmed a limited-time promotion to sweeten the deal, providing eligible holders a 12% APR (annual proportion fee).

In the course of the Promotion Interval, customers who maintain a minimal of 0.01 USDe of their Binance account(s) for a minimum of 24 hours will probably be eligible to earn rewards on the elevated 12% APR.

The one-month promotion runs between September 22 and October 21, and will see stablecoin fans work together with one of many highest passive-earning alternatives.

Understanding Ethena’s stablecoin

Ethena’s USDe has seen huge traction recently. It stays distinctive from established tasks like USDT and USDC in numerous methods.

USDe isn’t a fiat-backed asset. Whereas USDT and USDC are dollar-pegged, Ethena’s is a digital greenback leveraging particular methods and crypto backing for stability.

USDe leverages delta-hedged positions in secure property, together with BTC and ETH.

Additionally, it has attracted consideration resulting from its yield-bearing options, permitting people to earn from their idle stablecoins.

USDe has rapidly dominated the highlight as the highest non-fiat-backed USD-denominated cryptocurrency.

DeFiLlama data reveals it boasts over $14.076 billion in circulating provide, and round $14.104 billion in market cap.

Binance’s push for consumer engagement

The USDe incentive program displays Binance’s dedication to attracting and retaining customers by way of passive earnings.

With yield-bearing property gaining traction, the change is positioning itself as a number one platform for profitable earnings.

In the meantime, USDe holders will take the promotion as a chance to earn from the balances with minimal effort.

The transfer additionally indicators Binance’s conviction in Ethena’s future and rising affect with DeFi and CeFi.

Binance’s USDe rewards

The rewards are easy and purpose to incentivize loyal holders, and never speculators.

People begin incomes routinely as soon as they maintain greater than 0.01 USDe in Funding, Margin, or Spot accounts.

Customers will get pleasure from 8% APR, however the determine stays at 12% APR throughout the 1-month promotion interval.

In the meantime, the change will take a number of snapshots throughout the day to find out minimal balances and assure honest calculations.

Find out how to qualify

Holding USDe is the one requirement.

Customers can buy the stablecoin by way of the Spot market and luxuriate in fee-free USDE-USDT by way of December 22.

Customers with small and large balances can leverage Binance’s USDe earn program, as there’s no restrict on holdings.

Nonetheless, it’s essential to examine your area’s eligibility.

Binance has cautioned that people in restricted areas like Canada, the EU, Japan, the US, and Australia can not take part.

Ethena’s native coin trades at $0.6017 after shedding 8% up to now day amid the broader market massacre.





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