Binance Wallet now offers hold-to-earn rewards for USDe at 4.75% APY.
DeFi & Yields ·
Binance Wallet has added USDe to its Hold to Earn rewards program, offering 4.75% APY on the stablecoin. USDe joins U and USDS as eligible assets in the initiative, which distributes rewards automatically to users without requiring staking. According to the announcement, USDe carries the highest rate among the three supported assets.
Hold to Earn functions through Binance's Keyless Wallet, enabling users to accumulate rewards passively by holding eligible stablecoins. The program represents an alternative yield mechanism to traditional staking arrangements, with Binance funding the reward distributions.
The specific mechanics of reward accrual, minimum balance requirements, and eligibility criteria beyond asset selection remain unclear from available information.