Binance, the largest cryptocurrency exchange by trading volume, made announcements for DOGE and various altcoins. In the announcements, there are elements such as new works added to the stock market, new updates in tick sizes. Here are the details…
BNB Vault will participate in Hashflow (HFT) launchpool
First of all, there was an announcement about Binance’s BNB Vault. According to the announcement, Binance BNB Vault has decided to join the Hashflow (HFT) Launchpool. Users can continue to stake their BNB with the BNB Vault while receiving rewards from the mining HFT. Due to an ongoing system upgrade for BNB Vault, HFT Launchpool rewards through BNB Vault will be distributed weekly according to the schedule below.
Each bounty distribution will be based on the average hourly snapshot of users’ BNB Vault assets over the previous seven days against the total staking pool for this project.
Updating tick size in DOGE contract
On the other hand, Binance will set the tick size on the DOGE COIN-M perpetual futures contract as of November 15, 2022 at 06:00 CEST. That is, the unit will realize the minimum change in price. According to the stock market’s statement, this change is being made to increase market liquidity and improve trading experience. The regulation will not affect trading processes in COIN-M Futures.
There are also announcements for MASK and BAND
Binance Futures adjusted the maintenance margin tiers on USDS-M MASK and BAND perpetual futures contracts at 12:30 and 13:00 CET today. Care margin rates are being adjusted for primary care.
Added PYR, MINA and SANTOS
Binance has added PYR, MINA and SANTOS as new loanable assets on the Binance Loans platform. Koindeks.comAs we reported, Binance Loans offers a wide variety of options for supported crypto assets, interest rates, collateral assets and maximum loanable limits based on market conditions and internal risk management.
New updates for Binance Simple Earn: DOGE is here too!
Finally, Binance Simple Earn raised the APR, or annual rate of return, for multiple “flexible products”. Users are starting to enjoy higher APRs for the following cryptoassets starting tonight. In the table below, you can see the current APR rates. The cryptocurrencies affected by this development are DOGE, ENS, IMX, SPELL, RAY, AMP, PHA and ANKR.