Jessie A Ellis
Jul 30, 2024 14:28
Binance extends DeFi BNB Assets support to its Web3 Wallet, enhancing the BNB ecosystem. New integrations include liquid staking tokens and more.
Binance, a leading cryptocurrency exchange, has announced the integration of DeFi BNB Assets into its Web3 Wallet, according to Binance. This move aims to enhance the BNB ecosystem by extending BNB benefits from the exchange to the decentralized world.
Starting from the next Launchpool event, DeFi BNB Assets will be included in the reward calculation. Users holding supported BNB assets in their Binance Web3 MPC Wallet will see these assets counted towards their Launchpool BNB holdings, enabling them to earn rewards.
Supported Tokens
Currently, the DeFi BNB Assets feature supports liquid staking tokens. Binance is also planning to expand this support to include other decentralized BNB assets such as liquidity provider tokens from decentralized exchanges (DEXes), interest-bearing tokens from lending protocols, and yield tokens from yield-trading protocols.
Future Roadmap
In addition to Launchpool, Binance plans to extend DeFi BNB Assets support to Megadrop and HODLer Airdrops. The company is inviting various projects to join as liquid staking tokens on DeFi BNB Assets. Interested parties can contact Binance via the provided email addresses for more details.
Binance also noted that the supported assets might involve risks such as asset loss due to smart contract vulnerabilities. The company will not be responsible for these risks or potential asset losses. Additionally, if supported assets are affected by incidents like malicious issuance, Binance may exclude certain assets from the reward calculation.
User Responsibilities
Users are advised to inform themselves about and observe any restrictions and requirements related to accessing and using DeFi BNB Assets and Binance Web3 Wallet in their respective countries. Participation in DeFi BNB Assets is subject to eligibility based on the user’s country or region of residence.
Currently, users from countries including Australia, Brazil, Canada, Cuba, Iran, Japan, New Zealand, the United States, and others are not eligible to participate in DeFi BNB Assets. This list is subject to change based on evolving local regulations and other considerations.
Binance reserves the right to take action against participants found to be engaging in activities such as wash trading, bulk account registration, or self-dealing. The company also reserves the right to amend or cancel this announcement at any time without prior notice.
For the most accurate and up-to-date information, users are encouraged to refer to the original English version of the announcement.
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