TechFlow News — On December 5, Binance Wealth Management announced the launch of its On-chain Yields product, initially supporting Babylon BTC staking. The service will open for subscription on December 9, 2024, at 06:00 (UTC), with a total quota of 1,000 BTC available on a first-come, first-served basis.
The minimum subscription amount per account is 0.05 BTC, with a maximum of 5 BTC. Users may redeem their assets at any time, and redemption periods are shorter compared to direct on-chain staking. This product falls under the high-risk category, with returns dependent on the performance of the underlying protocol, exposing investors to risks such as smart contract vulnerabilities, market volatility, and protocol failure.
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