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LSK can now be stacked on Binance

By Kidsarow | Kidsarow | 26 Feb 2020

Binance announced a few minutes ago on Twitter that Lisk's $ LSK cryptocurrency will be available for stacking on the platform.

The stacking will open on February 27 at midnight. Interest rates are not yet fixed and indicates that you should at least have 1 LSK to be eligible for rewards but Binance informs us of the formula that will calculate the interest rate: LSK generated by each user = Total LSK staking rewards received by Binance * User LSK holdings ratio.

The first distribution will be made on March 31 and then every 20th of the month.

We could perhaps expect an interest rate around 10% but in any case it is very good news for Lisk and his $LSK token.

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