• Sieracki Milosz

Binance delist Serum SRM from Staking

Binance Cryptocurrency Exchange Delete Serum (SRM) from Staking


Following the Serum team’s announcement on 2021-09-28 that SRM is evolving into a DAO, and SRM Staking and Staking rewards will be discontinued on 2021-10-05, Binance Staking will delist SRM at 2021-10-08 12:00 PM (UTC) to protect our users. For users who have subscribed to SRM Staking, interest will be paid as usual.


Serum's utility token, SRM, enables holders to receive up to a 50 percent discount on their trade fees and stakers to vote and participate in the platform's governance mechanism. Those wishing to stay connected on the currency development of Serum can bookmark its blog for up-to-date details.


Note:

  • The Locked Staking page will no longer display SRM after this announcement is released.

  • Interest calculation will stop at 2021-10-07 03:59 PM, and the staking interest will be paid without being impacted.

  • Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked.

  • Asset arrival time: 2021-10-08 03:00 PM (UTC). After the asset is cleared by Binance Staking, the corresponding asset and interest will be returned to the users' spot wallets.

  • The update will only affect Locked Staking services of the delisted asset(s). Users can continue to spot trade the asset(s) or use other related services on Binance.


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