Binance launched vault system for BNB, earn daily rewards

The world largest cryptocurrency exchange Binance announced the launch of the vault system for BNB that allows users to earn daily rewards as income from the BNB ecosystem, reported on 03 November 2020.

Basically, the BNB Vault system is a capital-guaranteed investment product with flexible access and high security. It also integrates the other Binance products as well in order to maximize the income potential of users BNB from both centralized and decentralized finance in just one click and it also allows BNB holders to enjoy all the benefits of the Binance ecosystem just by doing a single click.

Users can also calculates their income benefits by using the following formula:

Daily BNB Vault income = New tokens rewarded from Launchpool + BNB Flexible Savings + Defi Staking & more.

Users can view the BNB Vault assets and income on the BNB Vault Page > My Share

The earnest income by BNB Vault system is usually calculated daily and will be distributed to user spot accounts instantly.

The BNB Vault income will begin to accrue interest at 0:00 AM (UTC) on the second day of staking, and the income will be paid on the third day;

The income from DeFi Staking or other products will be distributed according to the actual income

The staked BNB assets in the BNB Vault will be deposited in Flexible Savings and are still eligible for BNB holding benefits from the Daily BNB Balance Calculation, such as airdrop, Launchpad holding position, VIP rights, etc.

check your BNB Vault here