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Binance Launches Terra Virtua (TVK) Staking With up to 47.67% Yield

Binance Launches TVK Staking With up to 47.67% Yield
  • Binance exchange is staking TVK starting at 12:00 PM (UCT) on May 6
  • TVK stakers stand to earn up to 47.6% APY
  • The high-yield staking event will be on a first-come, first-served basis.

Binance exchange is staking Terra Virtua Kolect (TVK) with up to 47.67% annual percentage yield (APY). The exchange announced the launch of the high-yield exercise on its official Twitter page.

The post included a link that clarifies details of the staking activity. Notably, the staking event will officially start on May 6, 2021 at 12:00 PM (UCT). Also, the exercise will be done on a first come, first served basis.

Interest will be paid daily based on calculations made once the staking period is confirmed. In fact, the interest calculation period will start from 0:00 AM (UCT) each day.  Also, Binance is offering a range of staking products with varying duration and standard annual interest rates as shown below.

Digital Assets Duration Max. Locked Staking Limit Per User Standard Annualized Interest Rate Min. Locked Staking Limit
TVK
15 days
750 TVK
47.67%
10 TVK
TVK
30 days
50,000 TVK
9.26%
10 TVK
TVK
60 days
50,000 TVK
13.35%
10 TVK
TVK
90 days
50,000 TVK
18.59%
10 TVK

Notably, users have the option to redeem their assets early. Upon early redemption, Binance will redeposit the initial investment into users’ spot accounts. However, the distributed interest will be deducted from the refunded principal.

Finally, at the time of writing TVK is trading at $0.56 with an 8.5% gain in the last 24 hours.

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