Binance, the world’s largest cryptocurrency exchange by trading volume, shared new announcements for 6 altcoins. According to the announcements, Binance will no longer allow some altcoins to be used in its staking service. Here are the details…
Binance Staking delists these 5 altcoin projects
Binance Staking EZ delists TRU, VITE, ANC and MIR. The exchange made an announcement regarding its locked staking services. According to the announcement, Binance Staking will delist EZ, TRU, VITE, ANC and MIR on July 13 at 15:00 CET. Starting July 8, EZ, TRU, VITE, ANC, and MIR Locked Staking subscriptions will no longer be available. Calculation of interest for the said assets will stop at 11 July 14 CEST. Delisting will not affect the distribution of users’ accrued interest prior to this time.
Once the assets are delisted by Binance Staking, the relevant interest will be automatically amortized. It will be refunded to users’ spot wallets. Users can view their Locked Staking assets by going to Wallets > Earn > Staking > Locked Staking. The update will only affect the Locked Staking services of delisted entities. Spot trading of these assets or use of other related services on Binance remains unaffected. You can see some details about the cryptocurrencies in question below:
- EasyFi (EZ): EasyFi describes itself as a universal laywe-2 lending protocol built for DeFi with a focus on scalability, composability and adoption.
- TrueFi (TRU): TrueFi is a protocol for liquidity providers to create interest-bearing pools with a high annual rate of return.
- VITE (VITE): Vite is a smart contract platform that facilitates zero-fee transactions and optimizes transaction speed and security.
- Anchor Protocol (ANC): Anchor Protocol is a loan protocol that offers up to 19.5 percent returns on stablecoin deposits.
- Mirror Protocol (MIR): MIR is the management token of Mirror Protocol, a synthetic asset protocol created by Terraform Labs (TFL) on the Terra Blockchain.
Binance wraps up the seventh round of BEL airdrop
Binance has completed the seventh round of BEL airdrop distribution to ARPA holders. Users can confirm receipt of these tokens via the Distribution History page. Bella Protocol is a platform that provides a suite of DeFi products designed to make crypto banking simpler and more accessible.
The protocol plans to eliminate the high fees and slow transaction issues that can affect some Blockchain platforms. It aims to create a better user experience and at the same time improve the user experience through the simplified DeFi smart portal. Currently, BEL is changing hands at $0.85, up 0.44%.
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