Bitget Wallet Launches $1 Million BGB Staking Pool with 5% Annual Yield

The team behind the non-custodial Web3 wallet, Bitget Wallet, has introduced a staking pool of 1 million Bitget Tokens (BGB) offering a fixed annual yield of 5%, according to a press release.

To participate, users must:

• install the Bitget Wallet app;
• navigate to the “Finance” section and confirm the asset placement.

The program includes a 90-day lock-up period. The maximum staking limit is 2000 BGB ($8450).

Tokens are credited in real-time throughout the staking period. The reward pool is limited and distributed on a first-come, first-served basis.

In addition to staking, Bitget Wallet users can use BGB to pay fees on Ethereum, Solana, BNB Chain, TON, TRON, and other blockchains.

“BGB is a multi-chain token that eliminates the need to manage multiple tokens across different blockchains, enhancing the user experience. Staking BGB allows for additional rewards and participation in airdrops. VIP holders receive exclusive benefits within the Bitget Wallet ecosystem,” the press release states.

Earlier, the Bitget exchange published a transparency report for February. During this period, the platform expanded services in the EU in accordance with MiCA, ranked eighth in Forbes’ “Top 25 Trusted Crypto Exchanges,” and supported Bybit following a hacker attack.