By
Anisha Pandey
June 14th, 2024
The newest iteration of Binance Web3 Wallet introduces enhanced swap services, integrating Base Chain, bolstered security measures, and customizable settings accessible directly within the wallet interface.
Crypto exchange Binance has recently initiated new enhancements and features to its self-custody crypto wallet – Binance Web3 Wallet. As a result, the Earn page for the Web3 Wallet features two new sections – Simple Yield and Yield Plus – that aim to optimize users’ earning experience on the Binance app.
The Earn section of the Binance Web3 Wallet has received a major makeover with powerful features and user-focused upgrades. It also features the new Simple-Yield sub-section providing a simplified way for users to earn yield on their digital asset holdings while simultaneously removing the complexities associated with DeFi. By using protocols such as Venus and Aave, users can start generating passive income in just a few clicks.
Another major revamp of the Web3 wallet includes another sub-section Yield Plus. This provides a simplified crypto staking and restaking facility. It also allows users to maximize the APR in a hassle-free way with the special zone offering easy and step-by-step guides.
This entails instructions for accumulating points for potential upcoming airdrops and token distributions. Users in Yield Plus have initial access to opportunities such as SolBlaze, Kamino, Marinade, Renzo, Eigenpie, StakeStone, Lista DAO, and Ondo.
Binance Web3 Wallet Support News Blockchains
Along with adding new features and enhancements, the Binance Web3 Wallet has also extended support for six new blockchains including Degen Chain, BounceBit, Mode Network, KuCoin Chain, Ronin, and the Tabi Testnet.
This extension of new blockchain support comes with the integration of 61 decentralized applications (dApps) thereby allowing users to explore a wide range of DeFi services.
The newest iteration of Binance Web3 Wallet introduces enhanced swap services, integrating Base Chain, bolstered security measures, and customizable settings accessible directly within the wallet interface. Solana-based swaps have undergone improvements, offering superior rates, accelerated transaction speeds, and expanded support for various trading pairs.
These upgrades to Binance Web3 Wallet will elevate user experience, solidifying its position as one of the industry’s most inclusive, secure, and user-friendly self-custodial wallets.
The recent development from Binance comes as it continues to face competition in the global markets. Earlier this month, crypto exchange HashKey stopped deposits and withdrawal requests from Binance wallets.
Despite the absence of detailed information regarding the policy change, HashKey confirms that it solely impacts transactions involving Binance wallets.