Binance Web3 Wallet Updates: ‘Simple Yield’, ‘Yield Plus’, and More for May
Main Takeaways
Binance Web3 Wallet now features an enhanced Earn Page with ‘Simple Yield’ for effortless earnings and ‘Yield Plus’ for help with more advanced APR strategies.
Six new chains and 61 dApps have been integrated to broaden the wallet’s functional scope, and offer users an even more diverse range of Web3 services.
Other improvements include optimized swap services, a redesigned Discover section, and customizable Web3 settings directly from within the wallet.
This is a general announcement. Products and services referred to here may not be available in your region.
Welcome to the latest enhancements to the Binance Web3 Wallet! As part of our commitment to continuously improve your experience in navigating the decentralized web, we’re excited to unveil several updates, each designed to streamline and enrich your interactions.
In this update, we place a special emphasis on the wallet’s Earn page, which has undergone a comprehensive revamp. This transformation — launched on May 20, 2024 — is aimed at simplifying how you earn on Web3, making it more intuitive and accessible than ever before.
Other enhancements include new blockchain and dApp integrations, boosted swap features, updates to the ‘Discover’ section, and a redesigned user interface for improved navigation. Read on as we dive into these exciting changes, and discover how the Web3 Wallet is evolving.
1. New Ways to Earn: ‘Simple Yield’ and ‘Yield Plus’
The wallet’s Earn Page has been redesigned with one simple goal: to make earning via Web3 as easy and effective as possible. Whether you’re a seasoned user or new to the DeFi scene, our revamped Earn Page has been tailored to enhance your earning potential. With two distinct sub-sections (‘Simple Yield’ and ‘Yield Plus’) launched on May 20, 2024, we’ve crafted solutions that cater to different investment styles and levels of engagement. DeFi doesn’t have to be difficult. Join us as we make unlocking attractive APR as intuitive as possible.
Simple Yield: Streamlined Earning
The ‘Simple Yield’ section within our Earn Page revamp is designed for users looking for straightforward earnings without the complexity typically found in decentralized finance (DeFi). With just a few clicks, you can start earning interest on your digital assets through lending protocols like Venus and Aave. The Binance Web3 Wallet exists to remove barriers and simplify processes. With Simple Yield we want users to have a clear path to passive income. It’s all about convenience, and making DeFi accessible to everyone, regardless of experience.
Yield Plus: A Guided Journey to Maximizing APR
At the heart of the wallet’s Earn revamp is ‘Yield Plus’ — a special zone where we simplify the process of crypto staking and restaking to boost your APR. Follow our easy, step-by-step guides to layer your yields. Earn on initial stakes and then restake for compounded returns.
This feature is designed to enhance your investment opportunities within the decentralized finance (DeFi) ecosystem. What sets Yield Plus apart is its innovative approach to guiding users through a series of decentralized applications (dApps) to layer multiple yields on their initial stakes — something no other wallet currently offers. This capability not only simplifies the process, but also multiplies the earning potential, making it a standout feature for Web3 users.
With Yield Plus, we’re not just facilitating crypto staking and restaking to boost your Annual Percentage Rate (APR); we’re also pioneering the collection of points for potential Web3 airdrops and exclusive token giveaways. This is a first for Binance, and aligns with our mission to make crypto and Web3 more accessible, and our commitment to the freedom of money.
In short, Yield Plus demystifies often-complex layers of DeFi, helping users more easily achieve compounded returns. Launched on May 20, 2024, initial opportunities came from the likes of SolBlaze, Kamino, Marinade, Renzo, Eigenpie, StakeStone, Lista DAO, and Ondo.
2. Integration of Six More Chains and 61 New dApps
The Binance Web3 Wallet’s latest update isn’t just about enhancing existing features — it’s also about expanding to include more chains and dApps, significantly broadening your Web3 horizons. This expansion is designed to cater to a diverse range of user needs and preferences, ensuring that everyone, from beginners to seasoned users, can find the tools they need.
In our ongoing effort to support Web3, we’ve added six new chains to our wallet: BounceBit, Degen Chain, KuCoin Community Chain, Mode Network, Ronin, and the Tabi Testnet. Each of these was selected for its unique offerings. These integrations not only increase the versatility of the Web3 Wallet, but also ensure users have access to a wider variety of blockchain tech.
To complement the new chain integrations, we’ve also incorporated 61 new decentralized applications (dApps) into our wallet, providing users with access to a variety of services.
New dApps include: Alpha or Beta; Birdeye; Degen Chain; Deri V4; Dexscreener; DragonVerse; Eddy Finance; Elixir; ExtraFinance; Friend3; GMGN.ai; Glypher; HyperLiquid; Influpia; Insrt; Karak Network; KIM Exchange; Layer3; League of Thrones; Mendi Finance; MerlinSwap; Meson Bridge; mint.club; Moonwell; Native; Overnight Finance; Parcl; Particle; Polyhedra; Pomp; Prime Protocol; QuestN; Range Protocol; Renzo; Ring Protocol; RogueX; Seamless Protocol; Stargate Finance; StellaSwap; Sugar; Symbiosis; Symmetry Trade; SynFutures; TeleOrdinal; Tensor Trade; Thruster; UNCX Network V3; UXUY; Wasabi Protocol; Whales Market; XRC Market; XY Finance; Zebra; ZetaSwap; zkDX; zkFair.
These integrations exist to enrich the Binance Web3 Wallet experience for everyone, opening up new possibilities for interaction, investment, and innovation — with more still to come!
3. Updated Swap Function
Recent Web3 Wallet updates include improvements to our Swap feature, particularly with the integration of Base Chain, and the addition of the Jupiter API for optimized Solana swaps.
We’ve expanded the Swap function to include Base Chain, enabling swaps directly on chain, as well as efficient cross-chain swaps. This enhancement allows users to trade tokens more smoothly across different networks without the need for additional bridging.
To further refine your trading experience, we've integrated the Jupiter API, known as one of the premier swap aggregators on Solana. This addition not only provides better rates and faster transaction speeds, but also improves the success rate of transactions. Moreover, it expands access to a wider range of trading pairs, enhancing the versatility of Solana-based swaps.
Whether you’re an experienced trader or a newcomer, these improvements make using the Web3 Wallet’s Swap feature even more efficient and user-friendly.
4. Discover Section Redesign & Wallet Personalization
We’ve continued our redesign work on the Discover section to create a more intuitive and visually appealing user interface when it comes to finding and exploring dApps.
New Look and Feel: The redesigned Discover section features a cleaner layout that makes navigating the diverse offerings of Web3 dApps a breeze. We’ve incorporated vibrant visuals and a streamlined interface to ensure you can find the information you need quickly and easily. Other improvements include changes to the display of available educational content.
Highlighted Latest Airdrops and Campaigns: To keep you up-to-date with the latest opportunities, we’ve dedicated new banner space for showcasing airdrops and promotional campaigns. This feature ensures that you don’t miss out on valuable rewards.
Top Viewed and Recently Used dApps: Our Top Viewed section helps you stay informed about the most popular dApps within the community, while the Recently Used section provides quick access back to your frequently visited dApps. Navigating your dApps has never been easier.
Further improving user experience, the Binance Web3 Wallet now also allows you to modify essential settings directly from the Web3 page. You can adjust your preferred currency, language, and theme, tailoring a more personalized experience. This direct access simplifies user interaction, making it quicker and more efficient without the need to navigate away.
Final Thoughts
As the Binance Web3 Wallet continues to evolve, we invite you to explore these new features. Your feedback is crucial in shaping our ongoing improvements, so please share your thoughts and suggestions as you navigate the updates. Remember, these enhancements are just part of our commitment to you — our users. Stay tuned for more updates as we strive to provide you with the most comprehensive and user-friendly digital asset management tools in the industry. Together, let’s unlock the full potential of Web3 and help shape the future of finance.
Further Reading
Disclaimer: Binance Web3 Wallet is an optional product. It is your responsibility to determine if this product is suitable for you. Binance is not responsible for your access or use of third-party applications (including functionality embedded within the Binance Web3 Wallet) and shall have no liability whatsoever in connection with your use of such third-party applications, including, without limitation, any transactions you dispute. Please carefully review the Binance Web3 Wallet Terms of Use and always do your own research.