Binance Wallet Launches Alpha Earn Hub Amid Record $12.5B Daily Volume
Liquidity providers can now earn points on Binance Alpha for adding capital to PancakeSwap pools.
Binance Wallet rolled out its Binance Alpha Earn Hub on Wednesday. The hub will reward users that provide liquidity on Alpha token token pools, offering a form of annual interest generated by trading fees generated from these pools.
The introduction of the hub comes as Binance Wallet surpassed $12.5 billion in daily on-chain volume, a record high spurred by increased activity around Binance Alpha, a platform that which hosts token launches and airdrops.
“Reaching a new all-time high of $12.5 billion in daily on-chain trading volume reflects the growing demand from users actively engaging with Binance Alpha on Binance Wallet,” said Winson Liu, Global Lead of Binance Wallet.
The recent release also means that liquidity providers will also earn points for managing positions on decentralized exchange PancakeSwap, which accessed via the Binance Alpha Earn Hub.
Points can be used to increase allocation of newly-issued tokens and will all eventually be converted into token airdrops.
