Binance launches On-chain Yields financial products

The cryptocurrency exchange Binance has launched On-chain Yields financial products. This was reported by the company's press service.

The service allows clients to participate in various protocols and earn rewards in the form of tokens, points, and other incentives through their Binance account. On-chain Yields is available to users directly through their Binance accounts. The exchange has taken on the management of integration and operations with the protocols, removing clients from this process.

The first project in the lineup is Babylon, offering rewards in the form of Babylon Points.

Additionally, Binance warned clients about the lack of guarantee for rewards from the protocols, potential vulnerabilities in smart contracts, market volatility, and possible operational or technical issues with partner operations.