Binance, the renowned centralized crypto exchange, has announced the official launch of its fifty-third HODLer Airdrop project by unveiling Yield Basis. With the launch of Yields Basis (YB) HODLer Airdrop, Binance intends to provide liquidity providers with comprehensive yield while minimizing impermanent loss via leverage. As per Binance’s official press release, the project will benefit $BNB holders who have participated in the On-chain Yield products and/or Simple Earn between the 9th and 11th of October. Overall, the platform will distribute the airdropped tokens to Spot Accounts before the official listing.
Binance Yields Basis HODLer Airdrop Offers Yield Opportunities to Liquidity Providers
The official announcement shared by Binance reveals that the Yields Basis HODLer Airdrop will deliver yield to the eligible liquidity providers. The applicants should have taken part in On-Chain Yield products or Simple Earn, or in both, between the 9th and 11th of this month. As confirmed by the crypto exchange, the eligible $BNB holders will be able to access the airdrop page within the next 24 hours, getting an opportunity to acquire $YB tokens.
$YB Trading to Commence on October 15
According to Binance, after receiving $YB tokens, the holders can trade them as soon as the official trading starts on the 15th of October. The trading pairs in this respect include $TRY, $FDUSD, $BNB, $USDC, and $USDT. Particularly, Binance will allow the holders to start depositing their $YB tokens on October 14. Interestingly, $YB’s cumulative token supply is 700M $YB while the maximum supply is up to 1B $YB. The HODLer Airdrop will reportedly disseminate 10M $YB tokens, denoting 1% of the maximum supply. Additionally, 87.9M $YB tokens (underscoring 12.56% of the cumulative supply) will enter circulation on listing.
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Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
