Binance said it will open the final tranche of its Plasma USDT Locked Product on 26 August at 11:00 UTC, offering users the chance to stake up to a combined 500 million USDT in the yield programme run through Binance Earn’s On-Chain Yields platform
Binance said it will open the final tranche of its Plasma USDT Locked Product on 26 August at 11:00 UTC, offering users the chance to stake up to a combined 500 million USDT in the yield programme run through Binance Earn’s On-Chain Yields platform.
Each participant is limited to 10,000 USDT, and Binance stated that no further subscription rounds will follow. Investors who lock their USDT will accrue daily USDT rewards and will also receive XPL tokens once the Plasma Foundation conducts its token-generation event.
The initiative, launched in partnership with the Plasma Foundation, is designed to pair stablecoin returns with additional token incentives. The exchange did not disclose the duration or annual percentage rate of the USDT yield, but it emphasised that the dual-reward structure would remain unchanged for the concluding batch.
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Source: https://thedefiant.io/news/cefi/binance-opens-final-500-million-usdt-plasma-yield-batch-0d83a000