Feb 18, 2022
Shiba Inu is without a doubt one of the most popular meme coins out there. It has one of the most loyal and vocal fan bases among the entire crypto community.
In a recent development, Binance, the world’s largest cryptocurrency exchange, has announced a new staking effort for Shiba Inu (SHIB) and other digital currencies with a high return on investment.
The staking project dubbed High-Yield Center, according to a blog post by the trading platform, will allow holders to stake cryptocurrencies and earn up to 104.62% APY.
IThe Shiba Inu cryptocurrency staking period will last 10 days, with interested parties required to stake a minimum of 200 SHIBs and a maximum of 7 million Shiba Inu tokens.
Binance also stated that interest will be paid out daily, beginning at 00:00 AM (UTC) on the day the locked stake is confirmed and continuing for the next 10 days.
In the Binance High-Yield Center stake, SOL has the lowest annualized standard interest rate of 7.32 percent, while AXS has the highest ROI of 104.62 percent.