Binance Staking Launches Moonbeam ($GLMR) Staking with Up to 239.98% APY
Binance Staking has launched a series of new high-yield GLMR Locked Staking activities. Stake your GLMR starting from 2022-02-21 at 01:00 AM (UTC) to earn multiple rewards.
Activity 1: Deposit & Stake GLMR for 10, 30, 60, or 90 Days, Enjoy Up to 239.98% APY
- Locked Staking Format: First-come, first-served basis.
- Interest Calculation Period: From 00:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
- Interest Payout Time: On a daily basis.
Offered Products (Locked Staking)
|Digital Assets||Duration||Max. Locked Staking Limit Per User||Standard Annualized Interest Rate||Min. Locked Staking Limit|
|GLMR||10 days||8 GLMR||239.98%||0.1 GLMR|
|GLMR||30 days||2,000 GLMR||66.97%||0.1 GLMR|
|GLMR||60 days||500 GLMR||85.79%||0.1 GLMR|
|GLMR||90 days||20 GLMR||101.69%||0.1 GLMR|
- 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.
- 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. Due to different global time zones, it takes 48-72 hours to receive the tokens.
Activity 2: Buy & Stake GLMR to Share 6,000 GLMR
Promo Period: 2022-02-21 01:00 AM (UTC) – 2022-02-28 00:59 AM (UTC)
During the promotion period, users who spot-trade GLMR tokens (net purchase amount = purchase amount – sell amount > 100 GLMR) and participate in 30/60/90 days of GLMR Locked Staking are eligible to participate in the activity.
1,200 users will be selected from all eligible participants based on the Award Selection Rules Based on Binance Chain Hash Value, to each win 5 GLMR tokens.
Terms and conditions
- The GLMR rewards of Activity 2 will be allocated to recipients’ Binance Wallets within two weeks after the activity ends. Users can see their rewards by selecting the Account > Wallet > Distribution.
- The 10-day GLMR Locked Staking is a high-yield activity, therefore it is not included in Activity 2.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- Binance reserves the right to cancel or amend the Activity or Activity Rules at our sole discretion.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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