On Sept. 9, Binance’s new “Launchpool” service will allow users to earn newly launched tokens by staking the exchange’s crypto asset Binance Coin (BNB), its stablecoin Binance USD (BUSD) or the token of data renting protocol Arpa Chain (ARPA).

Binance CEO Changpeng "CZ" Zhao is jumping on the DeFI craze by launching staking rewards (Photo:CoinMarketCap)